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Mar 2 results
16:31
16:31

Surcharge Discouraging Use of Electronic Payment Cards - Operators cashless economy 3

Points of Sale and merchants, mainly supermarkets, are the main culprits in imposing the surcharge, which the card operators and vendors say is not necessary, but only adds to the cost of using the cards.
17:31
17:31

Lockdown Sparked Leap in Electronic Banking Transactions digitalisation 3

Mobile money transactions grew by 19.3 per cent to almost 80 trillion Shillings, and of this, 41 trillion was recorded between January and June, half of the year during which the country went into a lockdown. The Escrow account balances, or money belonging to mobile money customers, whether saved or not yet withdrawn, grew by 51 per cent, while the value of debit and credit card transactions also rose 20 per cent.
Mar 2 results