Mobile cash transactions hit Sh1.1trn in quarter one

A customer at an M-Pesa shop in Nyeri. FILE PHOTO | NMG

The volume of money moved through mobile phones in the first three months of the year rose 10.7 per cent to Sh1.1 trillion, underlining the growing importance of digital wallets in the economy.

This is the first time the value of first quarter transactions has crossed Sh1 trillion mark, having grown consistently from Sh650 billion in the first quarter of 2015.

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