Airtel Money market share grows two-fold, M-Pesa dips

Airtel money and Safaricom M-PESA shops adjacent to each other on Banda Street.

Photo credit: File | Nation Media Group

The market share of Airtel Money more than doubled in the year to June 2024, new data shows, eating into the long-running absolute dominance of Safaricom's e-cash platform M-Pesa.

Data by the Communication Authority of Kenya (CA) shows that Airtel Money expanded its market share from 2.8 percent to 6.6 percent in the year to June, while M-Pesa's share slumped to 93.4 percent in June compared to 97.1 percent last year.

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Note: The results are not exact but very close to the actual.