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Mobile money transfers up in third quarter; KNBS

A client conducts mobile money transfer. KNBS has said that money transfers increased in third quarter 2018. [Photo: Courtesy]

Mobile money transfers went up in the close of the third quarter of 2018 according to Kenya National Bureau of Statistics.

Despite tax on mobile money that was captured in Finance Bill 2018, money transactions through mobile reached a mark of Sh1.6 trillion more than double the previous numbers of Sh714.3 billion in 2017.

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