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Wireless

Kenyan banks lose KES 1.2 bln card payment revenues to mobile money since March 2020

Thursday 21 January 2021 | 09:31 CET | News
Top banks in Kenya have warned of an expected significant drop in net earnings for the year 2020, citing deteriorating economic conditions and the Covid-19 containment measures, which have caused the banking sector to lose over KES 1.26 billion in card payment revenues to telecom firms' mobile payment platforms in nine months, The EastAfrican reported.

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Categories: Mobile & Wireless
Countries: Kenya
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