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.