Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic

Source: Africa CGTN

Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data released last Monday showed.

The amount is the highest ever the East African nation’s citizens have reached via mobile money since the technology was started in 2007. In September, usage stood at $4.5 billion and in August $4.35 billion, driven by various measures instituted by the government to curb COVID-19.