Equity Bank's mobile money network, Equitel, has recorded a double-digit growth in value and number of mobile money transactions according to the latest data from the Communications Authority of Kenya (CA).
The report shows that Equitel processed 87.9 million mobile commerce transactions between April and June 2018, up from 77.6 million transactions in the preceding quarter.
The value of mobile commerce transactions increased from Sh290.3 billion to Sh328.2 billion.