According to a statistics, 26 million subscribers in Kenya have transacted money through mobile phones hit Kshs 1.3 trillion in the first half of 2015 up from Kshs 1.1 trillion at the same period last year. The number is expected to grow by another 20 percent during 2016. This has been attributed to the growth in mobile money transactions has been aided by improved product offerings across the various mobile payment platforms. The value of transaction increase from UGX 6.3 trillion to UGX6.8 trillion, resulting to a 7.9 per cent growth while the number of mobile money agents grew by 11.1 per cent up from 78,593 to 87,332 in that same period. While compared to the other East African Countries Kenya still leads the pack in Mobile Money transactions.
According to a statistics, 26 million subscribers in Kenya have transacted money through mobile phones hit Kshs 1.3 trillion in the first half of 2015 up from Kshs 1.1 trillion at the same period last year. The number is expected to grow by another 20 percent during 2016. This has been attributed to the growth in mobile money transactions has been aided by improved product offerings across the various mobile payment platforms. While compared to the other East African Countries Kenya still leads the pack in Mobile Money transactions.