Safaricom M-Pesa transactions grow to KES 727 bln in 2010

Tuesday 5 July 2011 | 10:26 CET | News
Kenyan operator Safaricom transacted KES 727.8 billion on its mobile money service M-Pesa last year. A Central Bank of Kenya report says that the service, which enables users to send and receive money through their mobile phones, saw over 305 million transactions carried out in the year. M-Pesa was the most widely used method of mobile money transfer in the country in 2010. On average, the service moved KES 2 billion daily. The figure is likely to rise even further this year, according to Safaricom. Person-to-person transactions for March stood at KES 47 billion, according to figures released

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Categories: Mobile & Wireless
Companies: Airtel / Orange Kenya / Safaricom / Yu
Countries: Kenya
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