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Mobile money transactions fall on new taxes

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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