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Wireless

Kenyan mobile money transfers rise 20 percent in 2020

Friday 5 February 2021 | 10:26 CET | News
People in Kenya transferred a record KES 5.21 trillion on mobile phones in 2020 as digital transaction adoption increased in bid to curb the spread of Covid-19, according to data released by the Central Bank. This was up 20 percent from KES 4.34 trillion in 2019. The government abolished charges on transactions of KES 1,000 and below to encourage the use of cashless payments during the pandemic and removed fees for mobile phone to bank account transactions.

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Categories: Mobile & Wireless
Companies: Airtel Kenya / Safaricom / Telekom Kenya
Countries: Kenya
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