Mobile money deals rise 48pc

A mobile phone user makes an M-Pesa transaction. FILE PHOTO | NMG

Cash handled by mobile money agents grew 48 percent in the seven months to July, highlighting the ongoing economic recovery from the coronavirus-induced financial hardships.

Fresh data from the Central Bank of Kenya (CBK) shows that mobile money agents handled Sh3.8 trillion, up from Sh2.6 trillion in the corresponding period last year.

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