Value of card payments down Sh6.4 billion : vimarsana.com

Value of card payments down Sh6.4 billion


Value of card payments down Sh6.4 billion
Monday February 08 2021
By ELIZABETH KIVUVA
Summary
The value of payments made through cards last year dropped for the first time in six years amidst the lockdown measures and continued preference for mobile money services.
Central Bank of Kenya (CBK) data shows the value of payments through point of sale (POS) machines dropped by 3.8 percent in 2020 to Sh157.72 billion from Sh164.09 billion in 2019.
This drop was a reverse from the 33.3 percent and 22.12 percent growth recorded in 2019 and 2018 respectively.
The value of payments made through cards last year dropped for the first time in six years amidst the lockdown measures and continued preference for mobile money services.

Related Keywords

Kenya , Kenyans , , Kenya National Payments System Vision , Central Bank , கேந்ய , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வை , மைய வங்கி ,

© 2025 Vimarsana