Kenya's mobile money use swells 6.5 pct in first 11 months
Xinhua,January 11, 2018 Adjust font size:
NAIROBI, Jan. 11 (Xinhua) -- Kenya's mobile money transactions rose 6.5 percent in the first 11 months of 2017 as compared to a similar period last year, Central Bank of Kenya said in a report released on Thursday.
The East African nation's citizens made transactions valued at 33 billion U.S. dollars between January and November 2017, up from 31 billion dollars in a similar period in 2016.
The surge showed that the country would surpass 2016 figures in use of the service, which stood at the 33 billion dollars mark.
During the 11 months, according to the apex bank, the largest transactions were done in March, where they stood at 3.2 billion dollars, while the least was recorded in February at 2.7 billion dollars.
The number of people employed as agents in the sector also surged significantly in 2017, peaking at 176,986 in November, having started at about 150,000 in January. Enditem