Kenyan mobile money transactions have risen by 47% in three months ending June 2019, Communications Authority of Kenya (CA) data shows.
Transactions worth KSh 2.1 trillion were conducted during the period under review, up from KSh 1.42 trillion recorded in the same period in 2018.
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About 80% of the transactions were conducted on Safaricom’s M-Pesa platform according to the regulator. Photo: Safaricom.
Source: UGC
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The latest report from the regulator showed 80% of the transactions, which include loans, savings and cross-border transfers, were made via Safariom’s M-Pesa platform.
According to the CA, Safaricom’s market share, however, dropped to 63.5% in the three-month period from 65.4% in the previous year.
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The telco giant’s subscribers on the other hand rose from 29.7 million in June 2018 to 33.1 million in the period under review.
Its closest rival Airtel Kenya, which is expected to merge with Telkom Kenya, had a market share of 24.6%, an improvement from 21.4% in 2018.
Airtel Kenya’s market share has risen steadily in past few years. The operator is seeking to merge with Telkom with the hope of building stronger competitor to face off with Safaricom. Photo: Dignited
Source: UGC
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The regulator reported there were 52.2 million active SIM cards in the country at the end of June 2019, a significant jump from 45.5 million reported in 2018.
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