Kenyans cut back on mobile money transactions by Sh38bn

Mobile money transfers

Kenyans slashed the amount of mobile money transactions they did by 6.2 per cent within just two months following the resumption of normal charges for transfers.

Photo credit: File | Nation Media Group

Kenyans slashed the amount of mobile money transactions they did by 6.2 per cent within just two months of the central bank lifting a waiver on charges for low-value money transfers that was put in place last year.

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