The downside of the cheque system on Kenya's economy

Kenya's value of cheques issued is currently valued at 200m monthly, with the growth pattern having hit a plateau in recent years.M-Pesa payments, excluding RTGS and Pesalink platform, on the other hand, currently stand at 2600 transactions per second with an average of Sh3 trillion worth of transactions per month. The above indicates a market that’s slowly abandoning the mode of payment.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

M-Pesa payments, excluding RTGS and Pesalink platform, on the other hand, currently stand at 2600 transactions per second with an average of Sh3 trillion worth of transactions per month. The above indicates a market that’s slowly abandoning the mode of payment.Get Full Access for Ksh299/WeekUncover the stories others won’t tell. Subscribe now for exclusive accessUnlock Full AccessUnlimited access to all premium contentUninterrupted ad-free browsing experienceMobile-optimized reading experienceWeekly NewslettersMPesa, Airtel Money and Cards acceptedAlready a subscriber?Log in

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