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Card Fraud Tops Kenya's Loss Table

Card Fraud Overtakes Mobile Banking as Kenyan Banks Lose Sh1.9 Billion

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsKenyaNov 7, 2026

Card fraud has overtaken mobile banking as the leading source of financial losses in Kenya's banking sector, with institutions recording a combined Sh1.9 billion in fraud-related costs, representing a material risk signal for the country's digital finance sector.

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