Home Business Eight million Kenyans send, receive cash on third party phones

Eight million Kenyans send, receive cash on third party phones

[Image source: Stock Images]
Share


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…

Read more…

 


Share

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version