Kenya:Phones moved Sh1.5 trillion last year

Comment "Thanks to M-Pesa, Kenya is leading mobile money in Africa  and will stay first for a long time according to me. Where will it stop ?"

Extract "KENYANS last year transacted more than Sh1.5 trillion using mobile money transfer services like M-pesa and Airtel Money, Central Bank statistics show.

The financial stability report released by CBK shows that mobile phone money transfer services grew by 31.5 per cent in the value of transactions on the back of growth in the number of agents.

The number of agents rose by 52.4 per cent to stand at 76,912 up from 50,471 as competitors rolled out more outlets. In the period, the number of users rose 9.9 per cent to stand at 21.1 million, up from 19.2 million."

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