Mobile money deals hit Sh2.87trn

Kenyans moved Sh2.87 trillion in the first eight months of the year. FILE PHOTO | NMG

Kenyans moved Sh2.87 trillion in the first eight months of the year, representing a 10.3 percent rise over 2018 transactions worth Sh2.6 trillion in a similar period.

The just released Central Bank of Kenya (CBK) data indicates increased provision for services payable via mobile money informed the rise. Kenyans settle payments for services received and goods bought locally as well as abroad via mobile money.

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