Business
TRANSACTIONS worth 2.1 trillion shillings ($20.3 billion) were conducted via Kenyan mobile money services in the three months to the end of June, data from the regulator showed on Friday.
The Communication Authority said in Nairobi that the transactions represented 47 per cent increase from the 1.427 trillion shillings in the same period a year earlier.
It said that out of the transactions, 80 per cent were conducted on M-Pesa, the platform run by Kenya’s biggest mobile operator Safaricom, which is 35 percent owned by South Africa’s Vodacom.
The Communication Authority in the past said such transactions included those related to loans, savings and cross-border transfers as well as payments for utility bills and other goods and services.
The data showed Safaricom’s market share had slipped to 63.5 per cent in the three-month period from 65.4 per cent a year earlier.
The number of active SIM cards in Kenya stood at 52.2 million at the end of June, up from 45.5 million a year earlier, the regulator said. (Reuters/NAN)
– Sept. 27, 2019 @ 12:45 GMT |
Tags: Kenyan mobile money transactions rises to 47%
