Monday, 24 June 2013

Mobile Money Growing in Kenya

Kenya is fast becoming one of African's leading hi-tech countries. It has encouraged technological landmarks like the first African electric car, and it is exploring the most of modern technological gadgets especially mobile technology.

In recent times, there has been a considerable growth of mobile technology users since 2011 in Kenya, the country will be providing Visa card-swiping machines that are attached to mobile phones  to is small business owners.

According to a report from African Business, Kenyan card users grew by 20% to 6m from 2011 to 2012 and point-of-sale usage rose to 15% from 10%, with cash-machine visits making up the rest of the $6bn transacted last year and Visa's client banks increased 39% to 25.

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