Eight million Kenyans send, receive cash on third party phones

[Image source: Stock Images]


Business Daily | by Edna Mwenda


Eight million Kenyans use other people’s mobile money accounts to send and receive cash, making it difficult to track those behind multi-billion shilling transactions.

A study by Global System for Mobile Communications Association (GSMA) shows that 12 percent of the 67.94 million mobile money users are not registered under their own names and, therefore, transact through third parties…

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