Mobile deals hit new high despite Rotich July tax rise

Mobile money has become a key pillar of Kenya’s economy. FILE PHOTO | NMG

Mobile payments hit a monthly high in July, defying the rise in transactional tax.

Fresh data from the Central Bank of Kenya (CBK) show Sh332.35 billion deals were settled via phones during the month, only lower than last March’s Sh337.11 billion and December 2017’s Sh332.62 billion.

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