Kenyan Mobile Money Transactions Top $27B

Growing adoption of mobile money services in Kenya resulted in double-digit year-on-year growth in the value of transactions over the first eight months of 2019, figures from the Central Bank of Kenya showed.

Official statistics showed the sum transferred using mobile money and payment services topped KES 2.87 trillion ($27.7 billion) in the period to end-August, up 10.3 percent on the same period of 2018.