Thursday, October 11, 2012

Kenya: Mobile money deposits hit $8 billion in 2012 - new taxes on transactions coming

Kenyans deposited US$8 billion into mobile money services for the year ending June 2012 - a 38 percent rise that revealed why the country's government has set its sights on the thriving sector for further taxation to meet its obligations.

According to data released by the regulator - Communications Commission of Kenya Tuesday, this was up on the US$5.8 billion deposited in the year that ended June 2011.

M-Pesa, a service run by market leader Safaricom and renowned globally, accounted

More details here...

No comments:

Post a Comment