Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Safaricom takes 99.9pc of mobile money market
Safaricom employee displays the M-Pesa money transfer service on a smartphone inside a mobile phone care centre in Nairobi on November 22, 2018. PHOTO | AFP
Safaricom #ticker:SCOM has grown its control of the mobile money market to 99.9 percent amid efforts by regulators to open its M-Pesa platform to interface with those from rival Airtel Kenya and Telkom Kenya in a bid to enhance competition in the sector.
Data from the Central Bank of Kenya (CBK) shows that M-Pesa has grown its share of the value of mobile money transactions in the last three years to hit Sh2.206 trillion (99.9 percent) out of the total of Sh2.208 trillion worth of transactions in 2021.
