July mobile money deals cross Sh400 billion mark

An M-Pesa agent in Nyeri. FILE PHOTO | NMG

The value of monthly mobile money transactions crossed the Sh400 billion mark for the first time in July, official data shows.

Central Bank of Kenya (CBK) data shows that the transactions that include cash transfers and payments for goods and services amounted to Sh450.98 billion, reflecting a 14.96 percent increase from Sh392.17 billion in June.

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