An M-Pesa shop.[Photo/the-star.co.ke]It has emerged that Kenyans transacted Sh18.4 billion daily using their mobile phones in the three months from September 2017.
This is according to latest data from the Communications Authority of Kenya.
The amount translates to Sh1.65 trillion transacted over the quarter, a growth of more than half compared to Sh1.08 trillion moved over a similar period last yera.
This was despite the wait-and-see attitude adopted by businesses due to the elections this year.
The CA report also indicates that there was a growth of 36 per cent compared to the quarter to June 2017, where mobile money users transacted Sh1.2 trillion. The growth has been due to increased offerings on mobile money platforms.
"Mobile money transfer services exhibited an upward trend during the quarter under review when compared to the previous quarter despite the prolonged electioneering period which slowed down business activities in most sectors,” said the Communications Commission (CA) in an industry report for the quarter to September 2017.