Home Business Mobile phone cash deals hit decade high with Sh1trn rise

Mobile phone cash deals hit decade high with Sh1trn rise

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Business Daily | by John Mutua


Cash transactions through mobile phones jumped by more than Sh1 trillion in the six months to June, a decade-high growth that indicates recovery from Covid-19 economic fallout.

Central Bank of Kenya (CBK) data shows M-Pesa, Airtel Money and Telkom’s T-Cash agents handled Sh3.26 trillion, a 52 percent rise from…

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