日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Africa

More Kenyans shun cash in rush to mobile payments

By OTIATO OPALI in Nairobi, Kenya | China Daily | Updated: 2020-11-04 09:54
Share
Share - WeChat
Kenya Central Bank Governor Patrick Njoroge addresses a news conference at the Central Bank of Kenya (CBK) headquarters in Nairobi, Kenya July 25, 2019. [Photo/Agencies]

Kenyans are embracing mobile payments, making transactions of almost $150 million a day on their screens, in a trend hastened by the coronavirus pandemic.

Mobile payments and other transfers in September reached $4.4 billion-a record for the fast-emerging sector, a report from the Central Bank of Kenya, or CBK, shows. This marked a steady increase from the $4.35 billion in transactions made in August and $4.17 billion in July, said the report, which was released on Monday. The value of daily transactions has climbed as high as $147 million.

In June, the central bank extended a set of measures introduced to encourage the use of mobile payments during the pandemic. Some of these were made permanent while others were extended to the end of the year.

The measures, introduced in March at the onset of the pandemic, include the removal of charges on transactions of $10 or less to discourage the handling of cash in order to reduce the spread of the virus.

Users of mobile money services can also make free deposits into bank accounts. As a result, Kenyans are using mobile technology to pay for bus fares, shop at supermarkets, pay utility bills and generally transfer money.

The Kenyan government's incentives have spurred an increase in employment in the mobile money sector. According to the central bank, the sector employed 263,200 people in September, up from 240,261 in April, an indication of a broader switch to cashless transactions.

At the virtual Copenhagen Fintech Week Global in September, central bank governor Patrick Njoroge said that the digital space is key to an economic recovery in Kenya and across Africa. "With the devastation wrought by COVID-19 on small and medium-sized enterprises, we have noticed that the financing gap has widened," Njoroge said.

Bridging gap

"To bridge this gap, the CBK announced a raft of measures to facilitate increased use of mobile money transactions instead of cash in March.

"While the immediate objective was to reduce the risk of transmission of COVID-19 by handling bank notes, these measures will have also reduced the use of cash in the economy over the medium term."

In addition to waiving transaction fees to encourage mobile transactions, the central bank also barred unregulated digital mobile lenders in Kenya from forwarding the names of loan defaulters to credit reference bureaus and stopped the blacklisting of borrowers owing less than $10.

The steps were part of a stimulus package announced in March to cushion distressed businesses and families from the effects of the coronavirus pandemic, which has hit consumer demand and forced businesses to shed jobs and cut back their operations.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 黄色入口网站 | 亚洲aaa视频 | 国产精品久久久久久久久久大牛 | 毛片成人网 | 久久一区二区视频 | 久久99精品久久久久久秒播 | 亚洲欧美中文日韩在线 | 久久久国产这里有的是精品 | 日本肥老太成熟 | 好吊在线| 日韩福利在线 | 精品久久久久久久久久久久久久 | 夜操| 亚洲第一女人av | 免费看欧美成人性色生活片 | 久久精品视频日本 | 亚洲免费a | 男女配种超爽免费视频 | 四虎影视免费观看免费观看 | 亚洲一区中文字幕在线观看 | 国产精品99久久久久久www | 一区免费看 | 韩国精品在线 | 国产人成精品一区二区三 | 亚洲一区国产二区 | 欧美亚洲视频一区 | 日本污视频在线观看 | 日本国产最新一区二区三区 | 人人99 | 欧美一区二区三区久久久 | 丁香六月啪 | 国产成人午夜性a一级毛片 久久久久亚洲 | 日韩免费福利视频 | 哪里看毛片| 久久精品国产亚洲 | 蜜桃免费一区二区三区 | 三级a做爰大乳在线观看 | 日韩一区二区三区视频 | 欧美一区免费 | 色在线视频播放 | 天天操天天干天天操 |