×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Digital industry players say transaction costs remain major challenge

Vocalize Pre-Player Loader

Audio By Vocalize

Rita Njuguna Co-founder of Gogaga Experiential and Muthoni Mumo CEO, of Gogaga Experiential share a moment during day one of Digital and Technology Week. [Courtesy]

Digital industry players have raised concerns about how transaction costs remain a major challenge to the current evolving digital landscape.

During the Digital and Technology Week 2023 held last week, sector players said despite the digital advancements in the country, there is persistent dominance of cash transactions due to costs associated with mobile money transactions and system interoperability challenges.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Financial Standard
Why local BPO sector stands out among its regional peers
Financial Standard
IMF boss warns global system not ready for AI cyber threats
Business
State threatens to revoke licenses of 13,000 Saccos over non-compliance
Business
Kenya tightens grip on crypto with Sh500m capital rule