- According to a statement from Vodacom, M-Pesa, the mobile money platform has emerged as the leader in Africa. It has processed a record number of deals worth Sh43.3 trillion in the 12 months ending in September. The M-Pesa statistics reflected transactions for Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho.
According to a statement from Vodacom, M-Pesa, the mobile money platform has emerged as the leader in Africa. It has processed a record number of deals worth Sh43.3 trillion in the 12 months ending in September. The M-Pesa statistics reflected transactions for Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho.
Tanzania accounted for a significant share of the growth in the usage of M-Pesa. Kenya remained the biggest M-Pesa market by customer numbers as well as transaction value and volumes.
The statement from Safaricom revealed that its active M-Pesa customers grew by 8.6 per cent in the half year ended September to 31.17 million accounting for 56 per cent of total users of the mobile money service in Africa.
M-Pesa’s customer base across Africa expanded to 55.6 million as of September, against 49 million a year earlier. The volume of transactions also rose from 9.3 billion to 11.9 billion.
The South African multinational Vodacom Group Limited which owns a 35 per cent stake in Safaricom stated that M-Pes transaction value expanded both in value and volume at 32 per cent year-on-year to Sh18.09 trillion and Sh9.6 billion respectively.
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Safaricom and Vodacom are also planning to expand the service to more African markets. Its use is also being extended beyond its traditional solutions such as person-to-person payments to new offerings, including investments and mobile commerce.
