Business Daily | by Patrick Alushula
Banks have cut automated teller machine (ATM) numbers in Kenya to a seven-year low as customers increasingly turn to agency, internet and mobile banking.
Central Bank of Kenya (CBK) data shows the banking sector has closed 54 ATMs in the last 12 months, leaving it with 2,409 units at the end of October. Some 26 were closed in the last six months.
This is the lowest ATM count since September 2013, reflecting the growing popularity of agents, internet and mobile banking among customers as…
