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

Terragon Group to unveil African-focused Mobile Advertising Technology at MWC

Nigeria-based Terragon Group is set to unveil its dynamic data monetisation and advertising platform, described as a first for mobile in developing markets, at MWC. Read More

MTN demonstrates the benefits of its video on demand offering

MTN showcased the benefits of FrontRow when it streamed high bandwidth video content onto multiple mobile devices using its video on demand (VOD) offering. Read More

Vodacom, Tigo agree on mobile money interoperability

Millions of M-Pesa and Tigo Pesa customers in Tanzania will soon be able to send and receive money directly into each other’s wallets. This follows the recent signing of a mobile money interoperability agreement between Tigo and Vodacom. Read More

Airtel Ghana launches DOTGO SMS Web browsing service

Airtel Ghana has deployed DOTGO’s SMS-based Internet service, which enables any mobile phone to be Internet-accessible without data or Wi-Fi.  Read More

MoneyGram reaches 25,000 locations across Africa

MoneyGram has announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA. Read More

TrustPay defines new space in cashless payment, commerce

TrustPay has officially launched a new range of innovative m/e Commerce merchant solutions it says are set to accelerate economic growth in developing markets. Read More

Econet launches Dial a Doc

Econet Wireless has launched a new service that will allow subscribers to access health advice 24/7 via a mobile phone.  Read More

Multi-bank mobile money goes live in Ethiopia

The new interoperable HelloCash mobile money platform has gone live in Ethiopia, aiming to provide financial services to all Ethiopians. Read More

Mobile app makes work easier for health workers

The iAfya mobile health information app is gaining momentum in Kenya, as health workers increasingly use it to learn and to educate communities. Read More

Orange, Ecobank partner on money transfer service

Orange and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts.  Read More

PRESS OFFICES

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

FEATURED STORY

Malawi Govt denies clinging to ‘Cashgate’ softwareMalawi Govt denies clinging to ‘Cashgate’ software

The Malawi Government will not exclude the software brand that has been in use for the country’s Integrated Financial Management System (IFMIS), but it has rejected reports implying that it is ‘clinging’ to the old system.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.

COMPANY NEWS

VMware unveils vCloud for NFV with Integrated OpenStack to accelerate service innovation

VMware, the global leader in virtualisation and cloud infrastructure, today debuted VMware vCloud for NFV, an integrated Network Functions Virtualization (NFV) platform that will combine VMware’s production-proven ...