According to the Central Bank of Kenya (CBK), mobile money transactions in Kenya reached a staggering Ksh 1 trillion (US $ 12.5billion) in the first half of this year, breaking previous records.
CIO East Africa reports that this represents a 26 per cent increase from last year’s Ksh 872.1 billion ($9.9 billion) during the same period. The CBK report also revealed that users of mobile money services in the country made about Ksh 6.2 million (US $ 70.5 million) worth of transactions daily during the period. During May 2014, transactions reached about Ksh198 billion ($2.25 billion), the largest made so far this year.
Kenya currently tops in mobile money transfers worldwide, with leading telecoms company, Safaricom being the most preferred mobile money platform.
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