Explore how Mobile Money is revolutionizing financial transactions and banking across the globe with a focus on Africa. - Techish Kenya
Data from the Central Bank of Kenya (CBK) shows that the value of mobile money transactions reached 56.8 percent of GDP as Kenyans took advantage of the waivers to transact on their handsets. This was an increase from 48.7 percent in 2020 and is projected to surge to 68 percent by end ...
NAIROBI, Jan. 30 (Xinhua) -- Mobile money agents in Kenya have become cautious as the police investigate a link between use of the service and terror activities in the East African nation. Ongoing investigations into the recent terror attack in Kenya's capital Nairobi, where 21 people were k...
(2013). Mobile money, market transactions, and household income in rural Kenya. (GlobalFood Discussion Papers).Kikulwe, M,Enoch, Elisabeth Fischer and Matin, Qaim. "Mobile money, market transactions, and household income in rural Kenya." Global Food (2013)....
Kenya has more cell phone subscriptions than adult citizens and more than 80% of those with a cell phone also use mobile money. The world has approximately 60m mobile money users and almost one in every three is a Kenyan. Half of all mobile money transactions are taking place in Kenya whe...
NAIROBI, May 17 (Xinhua) -- Mobile money use in Kenya appears to have reached the peak and has now taken a downward trajectory, falling three months in a row. Data from the Central Bank of Kenya (CBK) received Tuesday point to the latest trend, about 10 years after Kenyans started usi...
The value of Kenya’s mobile money use registered its first decline in the first half of 2023 on reduced transactions, the country’s central bank said in new data released Thursday. The half-year transactions fell 2.6 percent to 3.74 trillion shillings (about 26.04 billion U.S. dollars) ...
“A significant increase of mobile money usage has been noted over the period the measures have been in place, demonstrating that they were timely and effective,” said the Central Bank. See also:Kenya’s Central Bank Announces Expiry of Waivers for Mobile Money Transactions ...
Anne Kinuthia-Otieno, managing director at Airtel Money Kenya, said inasmuch as the telco has reviewed its mobile money transaction tariffs for transactions across other networks, the rates are still affordable compared to what its competitors are offering in the market. ...
Kenya National Bureau of Statistics (KNBS) data shows that Sh7.95 trillion was transacted on mobile platforms in 2023—marking a marginal 0.57 percent growth from Sh7.9 trillion handled the previous year. The growth in the value of mobile money transactions in 2023 is the lowest recorded over...