mobile money transactions Stories

Mobile transactions jumped 9.3 per cent from the previous year’s total of Sh7.95 trillion.

The previous year saw mobile money growth slow to its lowest rate in four years, largely due to a 25 per cent hike in taxes on transactions.

The CBK has supported this shift by granting approvals to Safaricom, Telkom Kenya, and Airtel Kenya to raise daily transaction and account limits.