Equity Bank’s Equitel Money has grown faster than Safaricom’s #ticker:SCOM M-Pesa mobile money payments (or mobile commerce) in the past two years.
Data from the Communications Authority of Kenya (CA) shows that Equitel’s value of mobile money transactions grew 198 percent comparing the quarter to June 30, 2016 and that to June 30 this year while that of M-Pesa rose by a margin of 86 percent.
