Merchant Payments ITU Digital Financial Services Workshop

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Presentation transcript:

Merchant Payments ITU Digital Financial Services Workshop Ronald Webb Group Director of Payments

Merchants & Agents Agency Banking Traditional Merchant Acquiring Merchants to date ~7,200 Agents to date ~22,000 KSH per month ~3.5bn Cash In – Count/Value - KSH 2.5m/22.1bn Cash Out – Count/Value - KSH 2.2m/9.8bn ~700,000 Transactions/Month 4 4 Countries Countries pa 15% 32%

Cash is Still King!

Card Payments Decline -18.5%

The Challenge Transactions > $10 Transactions < $10

48% of Transactions < $1

Thank You