Communication Authority report says e-commerce picks up in Kenya at Sh1 trillion mark

Mobile money transfers. Mobile money transactions hit a high of Sh2.93 trillion by September 2018. [Photo: Courtesy]

Report by Communication Authority says Kenya is improving in terms of mobile money trading. Mobile payments have been on a rise with transactions of over than Sh1 trillion conducted through mobile phones as at September 2018 from a previous Sh112.78 billion at the same time in 2017 under three months’ period.

Central Bank of Kenya report shows an average of Sh10.97 billion were transacted daily through mobile money transfers in July- September 2018 in relation to last year’s Sh9.74 billion in the same period.