Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

Cash remains popular mode of payment despite growth in digital payments

A new report from Financial Sector Deeping (FSD Kenya) indicates more than 92 per cent of people working in the country’s agriculture sector and 94.6 per cent of entrepreneurs receive their payments in cash. Further, 43.3 per cent of consumers in formal employment receive their payments in cash.PHOTO:COURTESY


Cash remains the most popular mode of payment in Kenya despite the rapid growth in digital payment platforms.

A new report from Financial Sector Deeping (FSD Kenya) indicates more than 92 per cent of people working in the country’s agriculture sector and 94.6 per cent of entrepreneurs receive their payments in cash. Further, 43.3 per cent of consumers in formal employment receive their payments in cash.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902

Follow The Standard on Google News