M-Pesa users outside Kenya hit 13.4 million

Safaricom had 24,206,341 active subscriptions on its M-Pesa platform at the end of September. FILE PHOTO | NMG

M-Pesa subscribers outside Kenya expanded by 227,000 in three months to hit 13.4 million at the end of December, Vodacom Group Limited has said, indicating the growing popularity of the mobile money service in other African markets.

Vodacom Group’s trading update for the quarter ended December 31, 2018, shows that the group made R851 million (Sh6.28 billion) as M-Pesa revenue from Tanzania, DR Congo, Mozambique and Lesotho markets. This was a 30.3 per cent jump in revenue from the previous quarter.

PAYE Tax Calculator

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