Business Daily | by Elizabeth Kivuva
The value of payments made through cards last year dropped for the first time in six years amidst the lockdown measures and continued preference for mobile money services.
Central Bank of Kenya (CBK) data shows the value of payments through point of sale (POS) machines dropped by 3.8 percent in 2020 to Sh157.72 billion from Sh164.09 billion in 2019.
This drop was a reverse from the 33.3 percent and 22.12 percent growth recorded in 2019 and 2018 respectively. Despite the drop in absolute value, the number of transactions…
