Hotels, restaurants and catering services have gained significantly from mobile money services, figures from a recently unveiled study on the use of technology shows. Food service industries also received and paid out the highest proportions of their payments using mobile money. Mobile money accounts are extensively used across businesses to allow traders to receive and send money. Unlike mobile money accounts, mobile payment accounts are used exclusively to receive money. MOBILE BANKINGCompanies that have mobile money accounts and mobile payment accounts tend to use them heavily.

Source: Daily Nation May 05, 2017 20:03 UTC