Card, mobile money transactions rebound

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Card and mobile money transactions are rebounding this year on the back of improved economic activity. FILE PHOTO | SHUTTERSTOCK

Card and mobile money transactions are rebounding this year on the back of improved economic activity that has boosted trade payments and increased borrowing from digital platforms.

Data from the Central Bank of Kenya (CBK) show that the economy recorded Sh114.8 billion worth of card payments in the first two months of 2023, up from Sh110.9 billion in the corresponding period last year.

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Note: The results are not exact but very close to the actual.