The Central Bank of Kenya has reported that the use of cards for payments has increased in 2019 by 32 per cent.
According to new data, the country recorded the increase compared to that of 2018.
The value of card transactions in 11 months of 2019 through prepaid cards, charge cards, credit and debit cards, and through Point of Sale (POS) machines stood at Sh641.13 billion.
CBK did not capture the transactions made in May.
Even so, the payments at retail locations represented a 32 percent growth from Sh484.81 billion recorded in 12 months to December 2018.
The number of transaction in the period under review stood at 78.57 million while 100.53 deals were made in 2018.
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