Money Transfer in brief

Money Transfer

Kenya: Money transacted through mobile phones hit Sh1.3 trillion in the first half of 2015 compared to Sh1.1trn at the same period last year. In the six months of this year, about Sh7.3 billion has been transacted daily, up from a daily average of Sh6.2 billion in a similar period in 2014. Analysts say the growth in mobile money transactions has been aided by improved product offerings across the various mobile payment platforms. Mobile money agents increased to 131,761 by the end of June 2015 from 120,781 by the end of June last year.