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Safaricom’s M-PESA Handles $4 Billion More Within The Last Year

This is mind-boggling. I have been trying to compute the data shown in this report and what I see just amazes me. Safaricom has released the Mpesa and M-kesho transaction report for the last three years. The report paints a picture of growth. I mean GROWTH. Picture this.

Safaricom Cumulative Person-to-Person transfer has grown by a whooping $4 Billion and monthly transfers have grown by $163 Million for the period of July 2009 to July 2010.

  1. Safaricom M-Pesa users grew by 61% from July 2009 to July 2010. That is from 7,387,980 to 11,895,515.
  2. Cumulative Person to Person transfer for the period grew by an amazing 150 %. That is from Ksh 210.27 Billion to Ksh 525.84 Billion.
  3. Safaricom monthly transfers grew from Ksh 20.22 Billion to Ksh 33.32 Billion which represents 65% growth.
  4. Since launching M-Kesho three months ago, Safaricom and Equity Bank has registered a total of 455,553 clients. That is amazing by any standards.
  5. Insurance transactions in M-kesho have accounted for 1584, 123161 balance requests, 55749 statements requests, 74864 deposits and 94206 withdrawals

The report gives the statistics for the period from 2007 but I focused on 2009/2010 for a clearer picture.

What do you think of the growth of M-Pesa and M-Kesho? Please leave your comments below. You can also download the all report here.

Written by Robert

Respected Kenyan blogger, tech evangelist, and social justice activist. Robert is known for his hard-hitting articles and opinions disseminated through his Twitter handle @RobertAlai or Facebook page (www.fb.com/RobertAlai).

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