COVID-19 Crisis Lifts Kenya's Mobile Money Usage to $4.2 Billion a Month

Source: Xinhua Net

Kenyans transacted a record KSH 450.9 billion ($4.18 billion) on mobile phone in July, with the usage boosted by increased uptake of the service due to the COVID-19 pandemic. Central Bank of Kenya (CBK) data released Tuesday shows that usage rose from $3.6 billion in June to $4.18 billion in July, the biggest jump ever.

The huge surge is attributed to a government measure instituted to curb COVID-19 spread by encouraging the use of mobile money payments.