Digital transactions push cheque to an all time low in Kenya
The decline in cheque transactions in Kenya have reached a four-year low.
This decrease is attributed to the rising preference for digital
transactions, driven by advancements in technology and increased adoption
of mobile money and internet banking. The shift towards digital payments is
seen as a response to the need for more efficient, secure, and convenient
financial services. As a result, businesses and individuals are
increasingly opting for digital platforms over traditional cheque payments.
This decrease is attributed to the rising preference for digital
transactions, driven by advancements in technology and increased adoption
of mobile money and internet banking. The shift towards digital payments is
seen as a response to the need for more efficient, secure, and convenient
financial services. As a result, businesses and individuals are
increasingly opting for digital platforms over traditional cheque payments.
Best Regards
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Mwendwa Kivuva
www.linkedin.com/in/mwendwa-kivuva