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Transactions through mobile money platforms close to half GDP
M-Pesa agent (right) serving a customer in Nairobi on January 16, 2012. Transactions through mobile money platforms in the year to June 30 equalled nearly half the national production. FILE PHOTO | DIANA NGILA | NMG
Cash transacted through mobile money platforms in the year to June 30 equalled nearly half the national production, according to latest official statistics. The payments hit Sh3.574 trillion between July 2016 and June 2017 in about 1.7 billion transactions, Central Bank of Kenya’s latest numbers show.
The value was 15.8 per cent higher than the previous year’s Sh3.086 trillion.
