0
Wireless

Kenyan mobile money registrations grow 11% in first 11 months

Thursday 14 January 2021 | 09:56 CET | News
The number of registered mobile money accounts in Kenya increased by 6.6 million between January and November 2020, according to data from the Central Bank of Kenya (CBK) published by Business Daily. The number of accounts jumped by 11 percent to 65.8 million. In March, CBK Governor Patrick Njoroge announced a waiver of money transfer charges for amounts up to KES UGX 1,000 in a bid to curb the spread of Covid-19.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Countries: Kenya
::: add a comment
This article is part of dossier

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Kenyan mobile money transfers rise 20 percent in 2020

Published 05 Feb 2021 10:26 CET | Kenya
People in Kenya transferred a record KES 5.21 trillion on mobile phones in 2020 as digital transaction adoption increased in bid ...

Kenyan banks lose KES 1.2 bln card payment revenues to mobile money since March 2020

Published 21 Jan 2021 09:31 CET | Kenya
Top banks in Kenya have warned of an expected significant drop in net earnings for the year 2020, citing deteriorating economic ...

Safaricom among 29 firms offering public transport fare system ahead of cash ban

Published 06 Jan 2021 10:33 CET | Kenya
Kenyan operator Safaricom is among a group of lenders and IT companies that have been licensed to provide cashless payments ...

Kenyan central bank review could force Safaricom to share mobile money agents

Published 05 Jan 2021 11:24 CET | Kenya
The Central Bank of Kenya (CBK) has launched a fresh review of the national payment system that will force Safaricom to offer ...

Kenya mobile money subscriptions near 32 mln in Q1

Published 05 Jan 2021 09:11 CET | Kenya
Kenya's active mobile money subscriptions increased by 9.8 percent to 31.8 million at the end of September, according to ...

Safaricom cuts M-Pesa tariff for smaller transactions

Published 23 Dec 2020 09:27 CET | Kenya
Safaricom has reduced M-Pesa tariffs by up to 45 percent for lower value transaction bands. It said the decision was taken in ...

Central Bank of Kenya ends free mobile money transfers below KES 1,000, still free below KES 100

Published 18 Dec 2020 10:26 CET | Kenya
The Central Bank of Kenya (CBK) has lifted the waiver on mobile money transaction fees under KES 1,000 from January. CBK says ...





Calendar   /   Industry Events

30 Jul Proximus Q2 2021
30 Jul NEC fiscal Q1
30 Jul Charter Communications Q2 2021
30 Jul Shentel Q2 2021
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug DZS Q2
02 Aug Harmonic Q2
02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
03 Aug Bredband2 Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Sequans Q2 2021
03 Aug Akamai Technologies Q2 2021
03 Aug Infinera Q3 2021
03 Aug Alibaba Q2 2021
03 Aug NeoPhotonics Q2 2021
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
04 Aug Digi International fiscal Q3
04 Aug EA fiscal Q1
04 Aug Intred Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
::: More Calendar Items