Number of mobile money agencies up 22.6pc

A customer at a mobile money shop. PHOTO | FILE

The number of mobile money agents has increased 22.68 per cent, further piling pressure on their earnings.

The telco agencies increased to 198,234 last December, up from 161,583 the previous year, according to the Communications Authority of Kenya’s (CA) sector statistics.

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