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Mobile money deposits down on cash crunch

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The Standard | by Frankline Sunday


Deposits in mobile money wallets fell by Sh195 billion between March and June this year, indicating the financial pressures felt by a big portion of subscribers.

Data from the Communications Authority of Kenya (CA) shows that total deposits held in M-Pesa, Airtel Money and T-Kash fell from Sh1.2 trillion in March to…

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