Tuesday, June 18, 2024
18.2 C
London

Mpesa Continues To Dominate Market With 99% Share

Mpesa has continued to dominate the mobile money sector with up to 99% if the market share. This is according to the latest report from the Communications Authority of Kenya (CCK).

According to the report, Mpesa dominates the market with a 98.9% market share, leaving other players such as T-Kash and Airtel money to share the remaining 1.1%.

During the second quarter ending June, saw the number of Mpesa mobile money agents increase to 223184 who transacted Ksh. 30.5 million.

The number of transactions can be attributed to the Telco’s waiver of transaction fees on transactions below Ksh. 1000.

The total value of deposits during the quarter was near Ksh 7.2 billion, Ksh. 561 million and KES 61 million for M-PESA, Airtel Money, and T-Kash, respectively.

The values show that Mpesa continues to dominate the market with Airtel Money and T-Kash trailing behind.

The values of transactions in Kenya Shillings made from Customers to Businesses (C2B), Business to Customer (B2C), Business-to-Business (B2B), Customer to Government (C2G), Person-to-Person (P2P), and total deposits per mobile money increased.

Hot this week

Currency Pairs Explained: Major, Minor, and Exotic Pairs

The foreign exchange (forex) market is the largest and...

Mash Poa Online Booking: Your Ultimate Platform for Seamless Travel Experience in Kenya

IntroductionWelcome to Mash Poa Online Booking, the ultimate platform...

Loan Repayment Calculator

(function() { var qs,j,q,s,d=document, gi=d.getElementById, ...

VAT Tax Calculator

(function() { var qs,j,q,s,d=document, gi=d.getElementById, ...

Zuku Fiber Packages, Price and Installation Cost

In this article, we look at Zuku Fiber packages,...

Topics

Currency Pairs Explained: Major, Minor, and Exotic Pairs

The foreign exchange (forex) market is the largest and...

Mash Poa Online Booking: Your Ultimate Platform for Seamless Travel Experience in Kenya

IntroductionWelcome to Mash Poa Online Booking, the ultimate platform...

Loan Repayment Calculator

(function() { var qs,j,q,s,d=document, gi=d.getElementById, ...

VAT Tax Calculator

(function() { var qs,j,q,s,d=document, gi=d.getElementById, ...

Zuku Fiber Packages, Price and Installation Cost

In this article, we look at Zuku Fiber packages,...

Infinix Zero 20 specifications and Price In Kenya

Let us begin with the cameras, for the selfies,...

Exploring the Excellence of National Express Buses in the UK

Welcome to our comprehensive guide to National Express buses...

Exploring the Best Buses in South Africa: Top Picks for 2024

As we get into 2024 proper, the bus services...
spot_img

Related Articles

Popular Categories

spot_imgspot_img
close