A Kenyan transacting on M-Pesa. Mobile money lending has contributed to financial inclusion and cheaper way of sending money from Kenya to Rwanda and Tanzania. www.businesstoday.co.ke

Mobile Money Transactions Cross Sh400bn Mark In July

Mobile money transactions exceeded the Ksh400 billion in July, data posted by the Central Bank of Kenya (CBK) shows. The CBK data shows...

BT Reporter1 Mins read

CBK Extends Free Mobile Transactions Below Sh1,000 to End Year

The Central Bank of Kenya (CBK) on Wednesday extended the directive to Payment Service Providers (PSPs) to keep mobile money transactions below Ksh1,000...

Samuel Gitonga1 Mins read

fintech mobile money transactions Kenya www.businesstoday.co.ke

ECONOMY

How Mobile Money Taxes Threaten Kenya’s Move To Cashless Economy

Kenya is a world leader in enhancing a cashless economy but taxation threatens to arrest that upward curve, a report by intellectual think...

Mike Njoroge3 Mins read

A mobile money transaction in progress. Mobile money has brought convenience to making payments but the costs incurred could easily lead to getting into debt. www.businesstoday.co.ke

SMART MONEY

Why You Need to Ditch Mobile Money Now

The mobile phone has afforded us the convenience of transacting anywhere without the limitations of not having cash or a bank account. However,...

Hakeenah N. Njenga2 Mins read

Equitel transfers record 21% upsurge in three months

An upward trend has been noticed in the use of the Equitel mobile transfer platform with the volume of mobile commerce transactions that...

LEWIS MARTIN1 Mins read

mobile money transactions