Mobile Payments Surge In Kenya

By  |  October 25, 2013
 | 

The total amount of mobile payments in Kenya jumped by 21.8 percent year-over-year as of August 2013, according to TechCrunch.

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    The growth took place in spite of a 10 percent excise tax on mobile transactions within the country.

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    TechCrunch noted that a diverse ecosystem of mobile payments has flourished in Kenya, including a system of paying for microinsurance products with smartphones and other mobile devices.

    To learn more, read the full report here.

    “What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.


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