By DICK OMONDIMore by this AuthorKenya pioneered the mobile money revolution in 2007 with M-Pesa, which made it easier for people working far from home to send money to their families. That particularly saved people time, and money spent on traditional money transfer systems, freeing them to do other, more productive things. The number of transactions sending and withdrawing money stood at 607.413 million with the total amount transacted at a record-breaking 1.763 trillion. This significant milestone holds a major source of incremental benefits to mobile money service users. These include sending money between the two mobile money wallets at a lower transaction fee, which fell by as much as 75 per cent from the previous week.

Source: Daily Nation April 23, 2018 19:30 UTC