• Latest
  • All
  • How To
Mpesa

M-Pesa Loses Ground on Person-to-Person Money Transfers (UPDATED: NO THEY AREN’T)

August 13, 2018
Why Can'y You Register a Safaricom SIM Card After 7 PM

Why You Cannot Register a Safaricom SIM Card After 7 PM

July 10, 2025
Former Safaricom Chief Enterprise Business Officer, Cynthia Karuri-Kropac

Frankline Okata Takes Over as Cynthia Karuri-Kropac Exits Safaricom PLC

July 10, 2025
AI

OpenAI and Perplexity Launch Browsers to Rival Google Chrome

July 10, 2025
Vivo-Y29-4G

Vivo Y29 Launches in Kenya at KES 23,999

July 10, 2025
DHgate Tablet Cases deals
galaxy z fold7-galaxy z flip7-samsung

Samsung Unveils Galaxy Z Fold7 and Z Flip7 with Bigger Screens

July 10, 2025
GTA VI

Rockstar May Be Testing 96-Player Servers for GTA 6

July 10, 2025
Former X CEO, Linda Yaccarino

Linda Yaccarino Steps Down as CEO of X After Two Years

July 9, 2025
Apple-WWDC25-iOS-26

iPhone Users Are Not Too Happy With the iOS 26 Liquid Glass Design

July 9, 2025
Official document handover by Bernard Mwonyonyo and Habib Lukaya from Roam.

E-Mobility in Kenya Gets a Lift with New Bike Financing Program

July 9, 2025
Samsung

This Samsung Security Update Could Change How You Use Your Phone

July 9, 2025
tecno ultimate g fold concept

TECNO Joins Tri-Fold Race With Ultimate G Fold Concept Phone

July 10, 2025
Microsoft Edge browser

Microsoft Makes Edge 40% Faster in a Bid to Lure Chrome Users

July 8, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

M-Pesa Loses Ground on Person-to-Person Money Transfers (UPDATED: NO THEY AREN’T)

Saruni Maina by Saruni Maina
August 13, 2018
in News
Reading Time: 2 mins read
256
3
Mpesa

Mpesa

UPDATE: The article below was based on figures provided by the Communications Authority of Kenya reporting on the mobile money transactions during the first quarter of 2018. The figures reported by CA seem to have been erroneous and the matter has now been resolved with the help from Safaricom. 

Kenya is the epicentre of mobile money technology and we have seen a lot of innovation around the same stretching from payments to quick loans. Safaricom being the godfather with M-Pesa, have always taken the lead when it comes to revenue and market share. The statement ‘M-Pesa is King’ holds water but does not tell the full story.

According to the latest report by Communications Authority of Kenya (CA) shows that M-Pesa still commands a large market share compared to the competition with a whopping 23.6 million subscribers up against 3.3 million on Airtel money and 1.9 million on Equitel.

However, the narrative we are going to tell is a different one, one that left us wondering what exactly happened. A scrutiny of the numbers by CA reveals that Safaricom’s M-Pesa users have transacted over 2.4 Trillion shillings over the past three months, impressive right?

Well, let’s shift our attention to person-to-person transactions, presumably the number one reason for mobile money. CA records that M-Pesa users have moved over 538 million shillings amongst themselves a far cry from the 424 billion they moved a similar period last year. Things, however, change when you look at Equitel’s numbers. 114 billion moved over the first three months of the year, followed closely by Airtel money users who moved 1.2 billion amongst themselves. Interestingly, in just two months of operation and with barely 34,000 subscribers, Telkom’s T-Kash users moved over 729 million shillings.

Mobile Money Transactions Q1 2018
Erroneous Figures
CA Report Mobile Money Q1 2018
Corrected Figures

These numbers tell a story of Kenyans using alternative services to send money to one another other than M-Pesa. Our theory is that people are using other mobile money services which offer lower or even no transaction fees to move larger amounts of money and M-Pesa has been left to handle what an insane person would call petty cash.

Despite the lower p2p transaction value, M-Pesa still has the highest value of mobile commerce transactions in shillings, inferring that without Lipa na M-Pesa, maybe the service would not be the giant that it is currently. Commerce transactions account for over 998 billion shillings transacted on M-Pesa, the highest amongst all mobile money services.

Kenyans are still using M-Pesa, there’s no doubt about that, what has changed is how they are using M-Pesa. A year ago, commerce and person-to-person transactions were toe to toe but things have changed and we are not sure whether to blame economic hard times or M-Pesa’s seemingly higher transaction charges.

Tags: Airtel MoneyCommunications Authority of KenyaEquitelT-kash
SendShare147Tweet92
Saruni Maina

Saruni Maina

I Google Bing until it Yahoos! | Email: [email protected]

Related Posts

Mobile Data

Kenya Draws More Tourists as Mobile Data Roaming Soars

July 3, 2025
Cable TV

Kenya’s Cable TV Market Rebounds with 31.5% Growth

July 3, 2025
Mobile Money

Kenya Hits 45 Million Mobile Money Users With M-Pesa in the Lead

July 1, 2025
Kenya cyber threats 2025

Kenya Detects Over 2.5 Billion Cyber Threats in Three Months

June 30, 2025
Which ISP is best in Kenya

Kenya’s Best ISP: Faiba Claims the Crown for Fastest Internet

June 30, 2025
the process of setting up an Internet service provider (ISP) in Kenya

Airtel Rises While Safaricom Drops in Network Quality Scores

June 30, 2025

Latest

Why Can'y You Register a Safaricom SIM Card After 7 PM

Why You Cannot Register a Safaricom SIM Card After 7 PM

July 10, 2025
Former Safaricom Chief Enterprise Business Officer, Cynthia Karuri-Kropac

Frankline Okata Takes Over as Cynthia Karuri-Kropac Exits Safaricom PLC

July 10, 2025
AI

OpenAI and Perplexity Launch Browsers to Rival Google Chrome

July 10, 2025
Vivo-Y29-4G

Vivo Y29 Launches in Kenya at KES 23,999

July 10, 2025
galaxy z fold7-galaxy z flip7-samsung

Samsung Unveils Galaxy Z Fold7 and Z Flip7 with Bigger Screens

July 10, 2025
GTA VI

Rockstar May Be Testing 96-Player Servers for GTA 6

July 10, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Why You Cannot Register a Safaricom SIM Card After 7 PM

July 10, 2025

Frankline Okata Takes Over as Cynthia Karuri-Kropac Exits Safaricom PLC

July 10, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Abductions and Arrests! Kenyan Government’s Fear and Hate of X Users Makes No Sense

Actors and Film Crews Are Worried About Veo 3 Taking Their Jobs

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

More News

Linda Yaccarino Steps Down as CEO of X After Two Years

iPhone Users Are Not Too Happy With the iOS 26 Liquid Glass Design

E-Mobility in Kenya Gets a Lift with New Bike Financing Program

This Samsung Security Update Could Change How You Use Your Phone

TECNO Joins Tri-Fold Race With Ultimate G Fold Concept Phone

Microsoft Makes Edge 40% Faster in a Bid to Lure Chrome Users

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.