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Kenyans abroad top mobile money remittances

Published on March 29, 2017

Kenyans living abroad are the largest senders of remittances to mobile money accounts, a new study shows.

WorldRemit, an online remittance service that allows subscribers to send money using computers, smartphones or tablets said: “Transfers to mobile money accounts make up 93 per cent of WorldRemit transactions to Kenya now — showing that Kenyans continue to be early adopters of innovative technology, even when abroad.”

The revelation comes as the pioneer mobile money service M-Pesa celebrates 10 years since launch on March 6, 2007. “Kenya is famed for leading Africa’s digital transformation, and today its Kenyans abroad who are at the forefront of digitising international money transfers,’’ WorldRemit founder and CEO Ismail Ahmed said. Read more. Source | Business Daily