August 6

Kenya’s Mobile Money Use Surges on COVID-19 Prevention Measure

By Nyawira Mwangi

The use of mobile money in Kenya has surged to a new high boosted by one of the measures declared by the government in the war against COVID-19.

The government at the outbreak of the disease in March waived charges on sending up to 1,000 shillings (about 9.3 U.S. dollars) to encourage cashless payments in a bid to curb the spread of the disease.

Photo courtesy of Simon Berry.

Source: CGTN Africa (link opens in a new window)

Coronavirus, Finance, Technology
cash transfers, financial health, fintech