The total amount of mobile payments in Kenya jumped by 21.8 percent year-over-year as of August 2013, according to TechCrunch.
The growth took place in spite of a 10 percent excise tax on mobile transactions within the country.
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.
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