Card transactions down 500,000 in nine months

A mobile card payment solution. FILE PHOTO | NMG

The number of transactions carried out through card payments fell by nearly 500,000 or one per cent in the nine months to September compared to a similar period last year as consumers continue to show a preference for mobile money.

Latest Central Bank of Kenya (CBK) data shows there were 160.7 million card transactions in the period, down from 162.2 million last year.

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