Mobile money agent deals decline continues in April

Airtel Money and M-Pesa agents’ shops on Nairobi’s Banda Street. FILE PHOTO | NMG

The value of money handled by mobile money agents dropped for the fourth month in a row in April on the back of lower spending due to ongoing economic uncertainty.

Central Bank of Kenya (CBK) said that agent transactions dropped by 6.6 per cent or Sh35.5 billion to Sh502.22 billion last month from Sh537.75 billion in March.

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