Kenya mobile money transfer hits Sh2.3 trillion

Kenyans transacted Sh2.3 trillion ($23 billion) on mobile money in the period leading to October, a rise of Sh408 billion ($4 billion) from a similar period last year, latest data from the Central Bank of Kenya shows.

The 10-month transactions, which are equal to what the nation’s citizens transacted in the entire 2014, indicate the country is set to break a new record on use of mobile money this year. The country holds the global record on mobile money use, which has made the country to offer lessons to other nations on the use of technology.