Business Daily | by Otiato Guguyu
The value of agency banking transactions jumped by 18.75 percent to Sh5.7 trillion in the year ended June 2020, new Central Bank of Kenya (CBK) data shows, adding pressure on brick-and-mortar branch jobs.
The data shows contracted banking agents handled 800 million transactions in the year to June, marking a Sh900 billion increase in the value of transactions compared to a similar period the previous year.
“The number of transactions via agents increased from 717.3 million in the year ended June 2019 to 815.3 million transactions in the year ended June 2020…
