Mastodawn

Mobile cash transactions hit record Sh5.2trn on phone payment reliefs

"An amount equivalent to] half of the country’s estimated GDP."

"The monthly volume of person-to-person transactions increased by 87 per cent between February and October 2020.”

"Safaricom controls 98.8 percent of the mobile money market."

Kenyans moved Sh5.21 trillion through their phones last year, an equivalent of half of the country’s estimated GDP.