Kenyans carry out 810.9mn transactions on mobile valued at Sh2.1 trillion

Kenyans carry out 810.9mn transactions on mobile valued at Sh2.1 trillion

September 25, 2019 0 By mykenyancareers
MOBILE MONEY - Kenyans carry out 810.9mn transactions on mobile valued at Sh2.1 trillion
Similarly, a total of 591.1 million transactions valued at Sh1.9 trillion were made through the mobile payment platforms – Paybill and Till Numbers/FILE

NAIROBI, Kenya, Sept 25 – The number of active mobile money subscriptions in the country stood at 32.6 million as of June 30, with the number of mobile money agents in operation standing at 290,432.

According to the latest Sector Statistics by Communication Authority of Kenya, a total of 810.9 million transactions valued at Sh2.1 trillion were recorded during the fourth quarter of the 2018/2019 financial year.

Similarly, a total of 591.1 million transactions valued at Sh1.9 trillion were made through the mobile payment platforms – Paybill and Till Numbers.

Person-to-person transfers were valued at KSh.770.9 billion.

Overall, Safaricom posted the highest market share of 63.5 percent in mobile subscriptions, whereas Mobile Pay Limited maintained the least share at 0.2 percent.

Further, both Telkom Kenya and Finserve Africa Ltd gained 0.2 percentage points to post 8.1 and 3.6 percent market shares respectively.

The volume of local voice traffic originating from Safaricom PLC stood at 9.19 billion down from 9.8 billion minutes registered during the previous quarter.

Consequently, during the same period, the operator’s market share dropped to 56.8 percent from 59.9 percent.

However, the cumulative voice traffic for the Financial Year 2018/19 increased to 37.4 billion from 34.6 billion minutes recorded during the previous Financial Year.

The originating voice traffic by Airtel Networks Limited increased by 7.7 percent during the quarter under review to post 6.3 billion minutes.

As a result, the operator gained 3.2 percentage points to record a market share of 39.0 percent.

Further, the operator’s total voice traffic grew significantly by 73.6 percent during the Financial Year to post 21.4 billion minutes.

The outgoing traffic for Telkom Kenya Limited declined from 671.8 million recorded last quarter to 647.3 million minutes during the period under review.

The market shares also declined by 0.1 percentage points to stand at 4.0 percent. The total traffic for the 2018/19 Financial Year stood at 2.6 billion minutes marking a growth of 14.3 percent from the previous year.

Finserve Africa Limited recorded 30.9 million minutes during the Fourth Quarter of the 2018/19 Financial Year down from 33.2 million minutes recorded last quarter.

The market share remained unchanged from last quarter at 0.2 percent.