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Cash remains popular mode of payment despite growth in digital payments

BUSINESS

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.

Nairobi City's digital payment platform has failed

Nairobi City's digital payment platform has failed

The automation of Nairobi County government’s payment of rates, parking fees and other services was meant to enhance accountability, raise revenue collection and curb corruption.

Philip Kisia | 4 years ago

Tips to stay safe when transferring money via online platforms

Money sent back home by Kenyans abroad continue to provide a stable source of foreign exchange for Kenya while supporting many households.

Sharon Kinyanjui | 3 months ago

Understanding fraud trends during COVID-19

A staggering 78 per cent of consumers have now completely adapted their payment methods due to safety concerns

Bevan Smith | 7 months ago

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