Kenya’s mobile money transfers reach record high


Kenya’s mobile money transactions up surged 64 percent from US$7.14b to US$11.7b year on year. However, there was a reduction in the number of mobile money transactions to 308 million from the 352 million the previous period.

M-Pesa and Equity Bank’s Equitel accounted for most of the bulk transactions in this report. While number of transactions for Safaricom’s M-pesa fell, the value of these same transactions more than doubled.

April 19th, 2018 | by

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