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Mobile money subscribers transact Sh2tr in three months

ICT CS Joe Mucheru (center) with KCB Group CEO, Joshua Oigara (left) and Safaricom CEO, Bob Collymore.

Mobile money subscribers transacted Sh1 billion every hour during the first quarter of the current financial year, pushing the value of transactions above Sh2 trillion for the first time.

This comes as regulators mull introducing new checks and balances to police fintechs and mobile network operators in the fast-growing sector.

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