Mobile commerce deals in Kenya pass Sh1 trillion mark

M-Pesa is market leader in mobile money business. FILE PHOTO | NMG

The value of mobile commerce transactions, including those designated as Pay Bill and Buy Goods and Services, has passed the Sh1 trillion mark for the first time.

Data for the second quarter of 2017/18 from the Communications Authority of Kenya (CA), shows transactions grew to Sh1.17 trillion up from Sh714 billion in the previous quarter - an increase of 64 per cent within three months.

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