Mobile money agents post first drop in quarterly cash

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The value of cash handled by mobile-money agents registered its first quarterly drop. FILE PHOTO | SHUTTERSTOCK

The value of cash handled by mobile-money agents registered its first quarterly drop in the three months that ended March as small transactions dominated.

Data from the Central Bank of Kenya (CBK) shows the values referred to as agent cash in cash out eased by Sh5.65 billion to Sh1.813 trillion from Sh1.818 trillion in March last year.

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