The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
A Safaricom subscriber uses MPESA money transfer platform in Nairobi. [Elvis Ogina/Standard]
Mobile money transactions have declined in the wake of new taxes introduced on digital cash transfers and bank charges.
Data from the Kenya National Bureau of Statistics (KNBS) indicate that transactions marked one of the steepest declines in several months, both in the number and value of money sent.
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