Kenyan M-Pesa (mobile money) based transactions topped US$4.9 billion in the first quarter of this year, according to a report released by the country's central bank - the Central Bank of Kenya.
This represented an increase of US$758 million from a similar period in 2012. The rise in value of transactions indicates that mobile money continues to penetrate the Kenya and the east African region at a rapid pace.
According to the report, the most transactions were made in January, where
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