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 has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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