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Kenyan Mobile Money Hits $8 Billion

From: Melvin Carvalho <melvincarvalho@gmail.com>
Date: Sat, 27 Oct 2012 18:55:41 +0200
Message-ID: <CAKaEYhJGkP6qgJwp+MLT-HJVDb_Nie73Q5Zic3Orn1P6m7Y3cQ@mail.gmail.com>
To: Web Payments <public-webpayments@w3.org>
We recently discussed the success of Kenya's Mobile Money service,
week shared just how successful M-Pesa really is  in the year ended
June 2012, the Kenyans deposited $8 billion into the service. That's a 38%
increase over the previous year, up from $5.8 billion. These numbers are
truly staggering and show the untapped potential of mobile money.

A few other numbers reported by the Communications Commission of Kenya:

   - The number of mobile money agents rose 16% to a total of 49,079
   - The number of subscriptions rose by 12.13% to reach a total of 19.5

The end result is great financial freedom for citizens, and a great example
for countries around the world. We will continue to watch the development
of M-Pesa in the weeks and months ahead.

Received on Saturday, 27 October 2012 16:56:09 UTC

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