Safaricom has reported a 10.8% increase in its net profit for the year ending March 2025, reaching Sh69.8 billion, driven by strong growth in M-Pesa and data services. M-Pesa revenue grew by 15.2% year-on-year, contributing Sh161 billion, or 44.2% of the company’s total service revenue, which amounted to Sh388.7 billion. …
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Safaricom has announced a significant update to its M-Pesa airtime purchase options, reducing the minimum amount from Sh5 to Sh1. This new policy, which was unveiled on Monday, allows users to buy airtime for as little as Sh1. A recent check by the Star confirms that this change has already …
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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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The Lower Eastern Times Opening The Third Eye