Kenya’s leading telecom Safaricom Plc announced that its mobile money service M-PESA has surpassed 30 million monthly active customers mainly driven by its business usage.
Launched 15 years ago on 6th March 2007, Kenya remains M-PESA’s most active market accounting for more than 30 million of the service’s 51 million customers across Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana and Egypt.
The telco said that the last two years have seen M-PESA record explosive growth in business usage with the number of businesses accepting payments on its Lipa Na M-PESA service more than doubling from 173,000 in April 2020 to more than 387,000 today.
M-PESA Regional Expansion
Safaricom has set up both local and global partnerships that enable customers to send and receive money, and to make payments across the world including with PayPal, AliExpress and Western Union.
Safaricom and its parent Vodacom are focusing on growing the service in other markets with a goal of bringing them to the same level of maturity as Kenya. The two organisations announced the launch of M-PESA Africa in April 2020 with a goal of consolidating M-PESA’s resources, strategy and roadmap across the continent.
READ; MPesa Partners with Visa to Enable International Payments
