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Sharp drop in cash use among Kenyans, thanks to technology
A parking attendant captures payment details of a motorist in Nyeri town. Most county governments have introduced cashless payment systems to enhance efficiency in revenue collection. PHOTO | JOSEPH KANYI | NMG
A public university college principal became the latest victim to lose Sh1 million in cash stashed in a bag that he had left in a hotel in Eldoret last week.
This is amid the ongoing adoption by Kenya of cashless modes of handling public and private funds, disrupting the role played by brick-and-mortar banks as cash custodians.
