Safaricom's M-Pesa customers up 60 percent

Monday 16 August 2010 | 09:50 CET | News
The number of customers on Kenyan mobile operator Safaricom's money transfer service M-Pesa has grown by 60 percent to 11.89 million as of last month, from 7.4 million a year earlier. The amount of money the service has transferred since inception in 2007 reached KES 525.84 billion in the financial year ended July. Statistics released by the operator showed that the monthly average of money moved in the system has increased by 30 percent. The service facilitated the transfer of KES 33 billion last month, compared to KES 20 billion in July last year. The operator said M-Pesa agents grew to

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.


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
Companies: Safaricom
Countries: Kenya
::: add a comment

Add 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.


M-Kesho growth stalls

Published 27 Mar 2012 14:24 CET | Kenya
Complexities in negotiating profit sharing between Equity Bank and Kenyan operator Safaricom has stalled the growth of M-Kesho, ...

Equity Bank sued over mobile banking service

Published 13 Sep 2010 10:28 CET | Kenya
Kenya's Equity Bank's latest product M-Kesho is running into trouble after a businessman moved to court accusing the bank of ...

Vodacom, Nedbank launch M-Pesa in South Africa

Published 31 Aug 2010 13:03 CET | South Africa
Vodacom South Africa and Nedbank have launched the M-Pesa money transfer service, developed by the Vodafone Group. M-Pesa, ...

Vodacom South Africa sets date for M-Pesa launch

Published 16 Aug 2010 10:34 CET | South Africa
Vodacom South Africa and its partner financial services firm Nedbank will launch the M-Pesa mobile money transfer service at the ...

Calendar   /   Industry Events

20 Apr Grameenphone Q1 2021
20 Apr Netflix Q1 2021
20 Apr Atos Q1 2021
20 Apr Iridium Communications Q1 2021
20 Apr Apple 'Spring Loaded' event
21 Apr HKBN H1 results
21 Apr Crown Castle Q1 2021
21 Apr Netgear Q1 2021
21 Apr Elisa Q1 2021
21 Apr Orange Belgium Q1 2021
21 Apr Verizon Q1 2021
21 Apr Rogers Communications Q1 2021
21 Apr Comcast Q1 2021
21 Apr Ericsson Q1 2021
21 Apr Vivendi Q1 2021
21 Apr Proximus AGM
22 Apr Tele2 Q1 2021
22 Apr AT&T Q1 2021
22 Apr Orange Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Snap Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr Intel Q1 2021
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1
26 Apr SBA Communications Q1 2021
::: More Calendar Items