The image showing a person withdrawing money from an MPESA mobile money agent shop. Photo courtesy
Mobile money agent transactions hit 3-year low amid rising living costs
Kenyans are cutting back on the use of mobile money agents, with transaction values dropping to their lowest level in nearly three years as households grapple with rising living costs and shrinking disposable incomes. According to data from the Kenya National Bureau of Statistics (KNBS), the total value of transactions handled by telco and bank-linked…
