Why cash mobile money agents handle has been going down

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Analysts have tied the small value transactions to the cost of living. FILE PHOTO | NMG

Cash handled by mobile money agents dropped for the sixth consecutive month, with the value declining to Sh666.6 billion in August.

Nevertheless, the volume of mobile money transactions climbed in the period to hit 208.6 million in August from 184.8 million deals in a similar time last year, pointing to the handling of lower transaction values by the agents.

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