Mobile cash payments up by Sh108bn in six months

Mobile payments hit Sh1.92 trillion between January and June from Sh1.81 trillion in a similar period last year. FILE PHOTO | NMG

The value of mobile-based transactions rose by Sh108.86 billion in the first six months of the year, reflecting the growing dominance of mobile payment services, Central Bank of Kenya’s (CBK) data published on Wednesday shows.

Mobile payments hit Sh1.92 trillion between January and June from Sh1.81 trillion in a similar period last year, putting average daily transactions at Sh10.61 billion.

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