Mobile money wallets hit 70m

Mobile money accounts hit a new record of 70 million in May, according to new Central Bank of Kenya (CBK) data. FILE PHOTO | NMG

Mobile money accounts hit a new record of 70 million in May, according to new Central Bank of Kenya (CBK) data, underpinning the increased use of online transactions in payments.

The number surpasses mobile subscriptions at 64.96 million as at March 2022, highlighting more than one account registered to an individual.

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