Airtel Money has crossed the 10% market share mark for the first time, intensifying competition for Safaricom’s M-Pesa, whose share has dropped below 90% for the first time. Data from the Communications Authority (CA) for the September 2025 quarter shows Airtel Money’s market share rising to 10.3%, continuing a growth …
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The Central Bank of Kenya (CBK) has announced plans to cap charges on person-to-person mobile money transfers, a decision likely to affect the revenues of Safaricom’s M-Pesa and Airtel Money. According to the regulator, most Kenyans continue to use mobile money mainly for simple transfers rather than advanced services like …
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Mobile money transactions surged to KSh5.5 trillion in 2023, as reported by the Kenya National Bureau of Statistics (KNBS). The National Economic Survey for 2024 highlighted a decline of 600,000 mobile money subscribers within the country in the preceding year. The survey indicated a reduction in the total number of …
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Airtel Money customers can now receive money directly from any network without the need for a withdrawal code, which previously had a seven-day validity period. Effective February 6, this move aligns with collaborative efforts between the Central Bank of Kenya (CBK) and industry players to facilitate seamless mobile money transactions, …
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The Lower Eastern Times Opening The Third Eye