Kenyans spent Ksh.169.1 billion on betting via M-Pesa in 2021, a 23.8 percent jump from Ksh.136 billion that was spent in the year 2020. This is according to Safaricom’s financial report released May 12 when it recorded a 1.7 percent drop in its net profit to
Safaricom’s gigantic revenue record is likely to be tampered with, considering the government’s proposal to slash M-Pesa transaction rates. National Cabinet Treasury Ukur Yatani is keen on making mobile money transactions affordable for Kenyans, who have been reeling from harsh economic times exacerbated by the coronavirus
Safaricom’s M-Pesa has crossed 30 million customers using the service every month in Kenya. The milestone comes a few days after M-Pesa marked its 15th year since its launch in March 2007. Kenya remains M-Pesa’s most active market accounting for more than 30 million of the service’s
M-PESA has marked 15 years since Safaricom and Vodafone launched the service in March 2007. From its beginning in Kenya, M-PESA has grown to more than 51 million customers, 465,000 businesses, 600,000 agents and 42,000 developers across Kenya, Tanzania, Mozambique, the Democratic Republic of Congo, Lesotho,
M-Pesa transactions increased by 16.1 percent for the third quarter ended December 2021, strengthening Safaricom’s revenue portfolio. “Our M-Pesa platform, including Safaricom, continues to scale at an impressive rate with transaction values up to 16.1 percent to exceed Ksh.3.2 trillion per month,“ said Vodacom in its
Safaricom has partnered with NSSF to enable customers to conveniently access services through the NSSF Mini App on the M-PESA Super App. Customers can register for NSSF membership, keep track of their contributions, top-up and manage their NSSF account, and make Tenant Purchase Scheme (TPS) payments all within
The data from the Central Bank of Kenya (CBK) reveals that an additional 3.045 million bank accounts were opened in 2020. This means that there were over 11.42 million loan accounts last year, an increase of more than a third from 8.38 million accounts in 2019. According to CBK,
Safaricom will be conducting a maintenance exercise on its mobile money product M-Pesa starting Tuesday, October 19, 2021 to early hours of Wednesday. Safaricom says that the enhancement to M-Pesa systems will start from 1159 PM and is scheduled to end at 4 AM, Wednesday, October 20, 2021. This means
M-Pesa has achieved 50 million monthly active users, positioning itself as Africa’s largest fintech. The mobile money service provider was launched 14 years ago and is now available in Kenya, Egypt, Lesotho, Ghana, DRC, Mozambique and Tanzania. “14 years ago, we launched M-PESA to connect our customers to each other
Safaricom and the National Hospital Insurance Fund (NHIF) have launched the NHIF mini-app within the M-PESA Super App. The NHIF mini-app will provide all NHIF services through the Super App, empowering customers to access services wherever they may be without visiting NHIF offices or downloading a separate app.
