Number of ATMs falls to 8-year low

Co-operative Bank customers queue for ATM services in Kakamega. FILE PHOTO | NMG

Banks have cut the number of automated teller machine (ATM) to an eight-year low of 2,393 in July, according to data released by the Central Bank of Kenya(CBK).

This is the lowest ATM count since July 2013 when the country had 2,377 machines, and the reduction reflects the growing popularity of agents, internet and mobile banking among customers as they search for convenience.

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