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Mobile money transactions hit Sh11.4b daily

A mobile (M-PESA) pay bill menu. Most businesses have resorted to mobile money transaction as a way of reducing the spread of the Covid-19 pandemic. [Elvis Ogina, Standard]

Kenyans transferred more than Sh1 trillion through mobile money in the last three months of last year.

According to industry statistics from the Communications Authority of Kenya (CA), the value of a person to person cash transfers marked a 15 per cent increase to Sh1,031 billion compared to Sh896 billion recorded in the three months ending September 2020.

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