![trn on a coolpack phone trn on a coolpack phone](https://manuals.plus/wp-content/uploads/2021/07/Sprint-Coolpad-Surf-feature-image-300x163.png)
“For instance, the monthly volume of person-to-person transactions increased by 87 per cent between February and October 2020.” “A significant increase of mobile money usage has been noted over the period the measures have been in place, demonstrating that they were timely and effective,” the CBK said at its Monetary Policy Committee meeting in December. Mobile money agents of Safaricom’s M-Pesa, Airtel Money and Telkom’s TKash handled Sh3.98 trillion in 2018- underling the astronomical growth in the value of transactions over three years.
![trn on a coolpack phone trn on a coolpack phone](https://hrdreset.com/wp-content/uploads/2019/04/Coolpad.png)
This means that an average of Sh14.27 billion was transacted on mobile phones daily between January and December 2020 - some Sh2.81 billion higher than the Sh11.91 billion daily average in 2019. Kenyans moved Sh5.21 trillion through their phones last year, an equivalent of half of the country’s estimated GDP, spurred by relief measures on mobile phone payments to help to curb the spread of the coronavirus.įresh data by the Central Bank of Kenya (CBK) shows the total transactions rose by 20 percent from Sh4.34 trillion the previous year.
![trn on a coolpack phone trn on a coolpack phone](https://i.ytimg.com/vi/eimhQyuynrg/maxresdefault.jpg)
Kenyans moved Sh5.21 trillion through their phones last year, an equivalent of half of the country’s estimated GDP, spurred by relief measures on mobile phone payments to help to curb the spread of the coronavirus.