42% growth in Kenyan mobile money deposits


Image: By BiztechAfrica
42% growth in Kenyan mobile money deposits

The Communications Commission of Kenya reports that mobile money transfer values topped KES 185.4 billion by March this year, 42% up on the KES 176.8 billion recorded during the previous year.

CCK said mobile money  transfer service continued to play a significant role in the country of ensuring seamless transfer of money, mobile payments among other transactions.

Cumulatively, as at 31 March 2012, there were 18.987 million mobile money transfer subscriptions, 9.1% up on the 18.981 million recorded during the previous year.

CCK said the mobile money transfer service continues to create employment opportunities particularly for the unemployed population in the country. At the end of quarter under review, there were 45,861 active mobile money transfer service agents.

Share the News

Get Daily Newsletter

comments powered by Disqus


TXTGhana restructures business portfolio

Ato Afful TXTGhana has announced the reorganisation of its operations under the TXTGroup umbrella so as to better reflect and direct its international business segments.   Read More

SIKA Mobile Money Transfer app soon in Ghana

Ghanaians will soon enjoy a low cost local and global money transfer service, directly from their mobile phones. Read More

Airtel Africa platform to support music artists across Africa

Airtel Africa has partnered with customer engagement software provider IMImobile to launch the new Airtel Artist Management System. Read More

Tigo expands digital customer care channels with AskTigo Skype Care

Tigo Ghana has rolled out yet another digital channel of communication for its customers, called AskTigo Skype Care. Read More

New KCC partners with Safaricom to streamline transactions

Leading dairy processor New KCC has partnered with Safaricom to roll out a Kshs. 55.7 million cashless solution, to enhance business efficiency and address risks associated with cash handling.  Read More

Safaricom Spark Fund invests in Sendy

Delivery service Sendy has become the first start-up to benefit from the venture fund, which was launched by Safaricom in November last year.  Read More

Motswana in contention for Orange African Social Venture Prize 2015

Botswana’s Thabiso Mashaba’s ‘These Hands Social Enterprise’ Project has been shortlisted in the top 11 of  Orange African Social Venture Prize 2015 projects.  Read More

Tigo Rwanda launches end of year Mega Cash promo

Tigo Rwanda has announced the launch of its Mega Cash SMS-based promotion Tigo Bonane set to make one millionaire every day.  Read More

Co-op Bank partners with SimbaPay for Diaspora remittances

The Co-operative Bank of Kenya has partnered with SimbaPay, a digital money transfer provider, to offer international money transfer services to the bank’s customers in the Diaspora. Read More

Chase Bank, Safaricom launch mobile solution for business

Chase Bank Kenya has partnered with Safaricom to launch a service that will boost the efficiency of businesses, by aggregating all their banking services and making them accessible through a mobile phone. Read More


Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks Unlimited


eCommerce in Africa urged to take advantage of mobile eCommerce in Africa urged to take advantage of mobile

The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets. 


Nigeria needs $25b investment in broadband, says WoodNigeria needs $25b investment in broadband, says Wood

Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.