Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
How payments ecosystem has evolved in Kenya
Card payments dropped marginally to Sh1.38 trillion last year compared to Sh1.39 trillion in 2016. FILE PHOTO | NMG
In Kenya today, a consumer wants to swipe to pay at a clothing store, pay via mobile money at the grocery store, write a cheque for school fees, and pay cash at the fuel station.
This highlights the changing dynamics witnessed in the payments industry in Kenya and around the globe, with consumers and businesses using multiple channels, interchangeably.