Mobile banking, agents cut ATMs in Kenya to six-year low

The number of automated teller machines (ATMs) in Kenya has dropped to a six-year low as bank customers increasingly turn to agency, internet and mobile banking.

Central Bank of Kenya (CBK) data shows that banks closed 70 ATMs in the year to December 2019, remaining with 2,459 units. This is the lowest ATM count since February 2014, reflecting the growing use of alternative means of accessing cash and paying for goods and services.

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