Mobile money registrations grow to 65.8m in year of Covid



Nation | by Brian Ambani


The number of registered mobile money accounts increased by 6.6 million between January and November last year as Kenyans took advantage of a waiver on money transfer charges for amounts up to Sh1,000, CBK data shows.

Data from the Central Bank shows that the number of mobile money accounts jumped 11 per cent to hit 65.8 million accounts.

CBK Governor Patrick Njoroge in March announced a waiver in money transfer charges on amounts not exceeding Sh1,000 in a bid to curb the spread of Covid-19…

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