M-Pesa accounts for 12.4 percent of Safaricom’s total revenue, which is up from nine percent in the previous fiscal year. Since its launch in 2007.
Tuesday, August 23, 2011
Kenya’s M-Pesa Revenue Growth 56%
M-Pesa, the mobile money transfer service that operated by Kenyan telecommunication provider Safaricom Limited, grew its fiscal year revenue (period ending March 31, 2011) 56 percent, from KES 7.55 billion (USD 94.2 million) to KES 11.8 billion (USD 139 million). During the same period, the number of subscribers also increased from 9.5 million to 13.8 million, while 24,000 retail outlets also serve M-Pesa customers.
M-Pesa accounts for 12.4 percent of Safaricom’s total revenue, which is up from nine percent in the previous fiscal year. Since its launch in 2007.
M-Pesa accounts for 12.4 percent of Safaricom’s total revenue, which is up from nine percent in the previous fiscal year. Since its launch in 2007.
Gary Kim was cited as a global "Power Mobile Influencer" by Forbes, ranked second in the world for coverage of the mobile business, and as a "top 10" telecom analyst. He is a member of Mensa, the international organization for people with IQs in the top two percent.
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