More businesses in Kenya adopt cashless payments
Tuesday, May 19, 2015
The businesses that are embracing the payments include petrol stations, supermarkets, hotels, hospitals and even small ones like groceries, chemists, cybercafés and public transport vehicles.
Two forms of cashless payments are gaining currency in the East African nation: these are debit cards and mobile money payments.
While many of the big establishments are accepting both debit cards and mobile money payments, small businesses are purely using the latter because it requires little investment to install the infrastructure to use.
The acceptance of cashless payments has made Kenyans to increasingly pay their bills using their debit cards and mobile money.
The debit cards have become a popular form of payment after banks in the East African nation completed issuing them out last year to replace ATM cards.