• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Mobile Money Transaction Value Hits Sh1.76tn – CA Report

samrack by samrack
July 20, 2018
in Africa, Business, Diaspora, Kenya, Kenya Diaspora News, News, U.S Diaspora
A A
0
Mobile Money Transaction Value Hits Sh1.76tn – CA Report
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

Mobile Money Transaction Value Hits Sh1.76tn – CA Report

Kenyans conducted 607.4 million mobile money transactions valued at Sh1.763 trillion in the second quarter of the 2017/18 according to a Communications Authority of Kenya (CA) latest report.

During the period under review, from October to December 2017, 308.6 million mobile commerce transactions were done valued at Sh1.1 trillion while person-to-person transfers added up to Sh596.4 million.

As of December 31, 2017, mobile money transfer subscriptions stood at 30.0 million while the total number of agents was 198,234. M-Pesa had the highest number of agents at 152,077.

Mobile Subscriptions

During the period, active mobile subscriptions rose 4.4 per cent to 42.8 million from 41 million in the first quarter. In addition, mobile penetration grew to 94.3 per cent from 90.4 per cent in the first quarter.

Safaricom’s market share in mobile subscriptions dropped 2.8 per cent to 69.1 per cent compared to 71.9 per cent in the first quarter. The market share for Airtel Networks Limited increased to 17.2 per cent from 14.9 per cent in the previous quarter.

The report states:

“Telkom Kenya Limited gained 0.6 per cent to register a market share of 9.0 per cent from 8.4 per cent posted in the previous quarter. On the other hand, Finserve Africa Limited lost by 0.2 percentage points to post a market share of 4.5 per cent. The market shares for Sema Mobile Services and Mobile Pay Limited remained unchanged at 0.0 per cent and 0.2 per cent respectively.”

In the second quarter of the period under review, the prepaid subscription stood at 41.4 million while postpaid subscriptions stood at 1.4 million.

Local Voice Traffic

The total mobile voice traffic rose 6.5 per cent to 11.8 billion minutes during the period under review from 11.0 billion minutes in the previous quarter.

“On-net mobile voice traffic grew by 5.8 per cent to stand at 10.4 billion minutes from 9.920 minutes recorded during the previous period. Off-net mobile voice traffic rose by 13.1 per cent to post 1.2 billion minutes. Further, mobile to fixed voice traffic increased to 23.2 million minutes from 23.0 million minutes recorded in the previous quarter,” says the report.

Data/Internet Usage

Data subscriptions grew eight per cent to 33.3 million during the second quarter from 30.8 million in the previous quarter.

Safaricom PLC recorded the highest market share of mobile data subscriptions at 72.8 per cent, a drop from 76.0 per cent. Airtel’s market share surged 2.8 per cent to record 18.5 per cent while Telkom Kenya’s market share stood at 7.8 per cent.

The market shares for Finserve, Mobile Pay, and Sema stood at 0.6 per cent, 0.3 per cent, and 0.0 per cent respectively.

According to the report, Wananchi Group Limited had the largest market share of fixed/wireless data subscriptions at 36.7 per cent, a drop from 41.0 per cent in the previous quarter.

Previous Post

Wealthy Kenyans stash Sh96bn in Swiss banks

Next Post

Kenyan Anglican Bishop Joel Waweru Launches Church in US (PHOTOS|VIDEOS)

Related Posts

Kenya Airways Subsidiary Fahari Aviation To Receive Embraer Eve eVTOL Aircraft From 2026
Business

Kenya Airways Subsidiary Fahari Aviation To Receive Embraer Eve eVTOL Aircraft From 2026

June 22, 2022
Kenyan Nurse Given a Three-story Home in Lebanon, Pennsylvania After Volunteer Work
Diaspora

Kenyan Nurse Given a Three-story Home in Lebanon, Pennsylvania After Volunteer Work

June 22, 2022
Uhuru’s Daughter Ngina Kenyatta Ties the Knot in a Traditional Wedding Ceremony
Diaspora

Uhuru’s Daughter Ngina Kenyatta Ties the Knot in a Traditional Wedding Ceremony

June 22, 2022
Untold Stories of How Thika Road Estates Got Their Names
Business

Untold Stories of How Thika Road Estates Got Their Names

June 22, 2022
President Uhuru Rejects To Assent Into Law ICT Bill, Opting To Send It Back To Parliament For Review
Kenya

President Uhuru Rejects To Assent Into Law ICT Bill, Opting To Send It Back To Parliament For Review

June 22, 2022
Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.
Business

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

June 22, 2022
Next Post
Kenyan Anglican Bishop Joel Waweru Launches Church in US  (PHOTOS|VIDEOS)

Kenyan Anglican Bishop Joel Waweru Launches Church in US (PHOTOS|VIDEOS)

Please login to join discussion
Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply. Job Openings Below is a list of current job openings at Northeast Clinical Services, Inc.. Please click on an opening in the list to view details and apply.
ADVERTISEMENT
ADVERTISEMENT

Latest News

Kenya Airways Subsidiary Fahari Aviation To Receive Embraer Eve eVTOL Aircraft From 2026

Kenyan Nurse Given a Three-story Home in Lebanon, Pennsylvania After Volunteer Work

Uhuru’s Daughter Ngina Kenyatta Ties the Knot in a Traditional Wedding Ceremony

Untold Stories of How Thika Road Estates Got Their Names

President Uhuru Rejects To Assent Into Law ICT Bill, Opting To Send It Back To Parliament For Review

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

George Wajakoya’s Running mate: Who is Justina Wangui Wamae

IEBC set to make corrections to voters’ register

Kenya cannot ban Mitumba without upsetting the US,Just ask Rwanda

Transition/Death Announcement of Francis Kagumba Mwenenia (Father to Pastor Naomi Kagumba (Lowell,MA ) of St Stephen’s Church Dracut,MA

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs, Nairobi county.

by samrack
June 22, 2022
0

Police in Nairobi recovered 22 firearms and 565 rounds of ammunition during an auction mission on Tuesday in Kilimani suburbs,...

George Wajakoya’s Running mate: Who is Justina Wangui Wamae

George Wajakoya’s Running mate: Who is Justina Wangui Wamae

by samrack
June 9, 2022
0

She has risen to prominence, following her selection as a running mate for one of the only four presidential candidates...

  • About Us
  • Archives
  • SWG Registration

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2021 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.509 seconds. Stats plugin by www.blog.ca