42% growth in Kenyan mobile money deposits

VALUE ADDED SERVICES

|
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

MORE VALUE ADDED SERVICES NEWS

MTN Mobile Money and Vodafone M-Pesa to interconnect Mobile Money Services

Customers of MTN Mobile Money and M-Pesa in East Africa will be able to transfer money to each other following an agreement between MTN Group and Vodafone Group to interconnect their mobile money services. Read More

Mobile money a game changer

There has been massive drop in number of unbanked, thanks to the boom of mobile money services, a new World Bank report shows.  Read More

Afrinvest unveils mobile app for online trading, investment management

Ayodeji Ebo, Charles Egbunonwo, Ike Chioke, Afrinvest and Tony Usidamen Afrinvest Securities Limited at the weekend launched an online equity trading mobile application, offering clients mobile access to their brokerage accounts and portfolio data.  Read More

Stanbic launches real time payments for electricity and DStv

Stanbic Bank Botswana has announced the introduction of state of the art, real-time electronic payments for Prepaid Electricity and DStv Subscription through its cellphone Banking and Internet Banking Channels. Read More

Safaricom readies to bring M-PESA home

Safaricom has started final preparations for the launch of the second generation of its M-PESA platform as it prepares to perform a full scale system upgrade aimed at improving efficiencies and speed over the next week. Read More

Airtel Money hits over 1 million transactions in a month

Airtel Ghana has attained another milestone with its instant mobile money service.  Read More

Online payment of BGCSE examination fees using Orange Money

The Botswana Examinations Council has announced its partnership with Orange Money for the payment of examination fees. Read More

Airtel Money enables fundraising for Garissa attack victims

Airtel Kenya has set up a donation paybill number for well-wishers to send funds to the Red Cross to support victims of the Garissa attack.  Read More

Spectranet offers subscribers free movies on iROKOtv.com

4G or long term evolution (LTE), internet service provider (ISP) Spectranet has launched a partnership with iROKOtv.com, Africa’s premier internet television provider.  Read More

Airtel Rwanda to introduce Airtel Money micro loans

In a bid to expand reach into mobile financial services, Airtel Rwanda has announced plans to introduce micro-loans on Airtel Money on April 1, 2015 in a partnership with Atlantis Microfinance Limited. Read More

PRESS OFFICES

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

FEATURED STORY

e-commerce space untapped, says phonekings heade-commerce space untapped, says phonekings head

E-commerce is the future, says the head of a new online electronics mall launched in Nigeria. Tayo Olusanya spoke to Kokumo Goodie in Lagos.

IN DEPTH

Villagers get solar training at Barefoot College Villagers get solar training at Barefoot College

The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India. 

COMPANY NEWS

MTN Business backs emerging ICT entrepreneurs

MTN Business has embarked on a long-term supplier development programme that will empower young, black entrepreneurs to take their place at the forefront of South Africa’s evolution ...