Kenya’s mobile money transactions rose 6.5% 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.
Transactions valued at Ksh 3.4 trillion (US$33 billion) were made between January and November 2017, up from Ksh 3.2 trillion (US$31 billion) 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 Ksh 3.4 trillion (US$33 billion) mark.
During the 11 months, according to the apex bank, the largest transactions were done in March, where they stood at Ksh 329.6 billion (US$3.2 billion), while the least was recorded in February at Ksh 278.1 (US$2.7 billion).
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.