Deals transacted on plastic cards down by Sh7bn

The volumes in 2017 are equivalent to just 13.97 per cent of the 1.54 billion transactions conducted via mobile phones. file photo | nmg

Payments through plastic cards fell by Sh7.14 billion in the 12 months ended December 2017 compared with a year earlier reflecting a rise in mobile transactions.

The Central Bank of Kenya (CBK) data shows payments worth nearly Sh1.39 trillion were settled through cards, a drop of 0.51 per cent compared with Sh1.4 trillion in 2016.

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