Kenyans make KES 2B mobile transfers daily
22 January 2014, 11:31
Nairobi - A new study released by the Kenya Bankers Association reveals that around 60 percent of Kenyans prefer to transact via mobile phones, recording a total of KES 2 billion transfers daily.
This shift, Daily Nation reports, has forced banking institutions to adopt mobile banking as well as open more banking agencies in Estates in an effort to woo customers.
Mobile banking has not only made it convenient for customers to deposit, withdraw and even transfer funds, but has also boosted service delivery in the industry.
The advancement also saves customers both time and money spent to carry out transactions, amid few cases of fraud.
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