Mobile commerce deals in Kenya pass Sh1 trillion mark
What you need to know:
Value of transactions grew to Sh1.17 trillion up from Sh714 billion in the previous quarter - an increase of 64 per cent within three months.
This is despite reduction in the number of mobile commerce transactions to 308 million compared to the previous quarter’s 352 million.
The growing uptake of mobile cash for payments is attributed to convenience
The value of mobile commerce transactions, including those designated as Pay Bill and Buy Goods and Services, has passed the Sh1 trillion mark for the first time.
Data for the second quarter of 2017/18 from the Communications Authority of Kenya (CA), shows transactions grew to Sh1.17 trillion up from Sh714 billion in the previous quarter - an increase of 64 per cent within three months.
