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Mobile money deals rise to Sh3 trillion on Covid loans uptake

MPESA

An M-Pesa agent: In eight months transactions rose seven percent. FILE photo | NMG

By  John Mutua

Business Reporter

Nation Media Group

The value of mobile money deals in the eight months to August grew by seven percent compared to the corresponding period in 2019.

This was on the back of increased use of cashless payments in the Covid-19 period and higher borrowing using mobile apps.

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

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