This article is from bitcoinke.io and the original article can be read here
Mobile subscriptions in Kenya increased by 6% to 65.1 million in 2021, however, at a slower rate compared to the 12.6% growth registered in 2020.
According to the 2022 Economics survey, released by the Kenya National Bureau of Statistics (KNBS), mobile money subscribers rose by 8.5% to 35.2 million over the same period.
In addition, phone numbers ported decreased by 24.8% over the same period from 1,437 to 1,081, partly attributed to hesitation by subscribers to move from one operator to another.
______________________________________________________________________
SEE ALSO: Cash Still Accounts for 80% of Daily Transactions in Kenya, Says Latest 2022 FSD Report
______________________________________________________________________
Mobile Number Portability (MNP) is a service that enables users to change or ‘port’ operators while retaining their numbers.
Over the same period, the value of digital commerce transactions grew by 63.2% from $80.8 billion to $131.7 billion in the same period. The number of total transactions recorded a 16% jump to 2.165 billion transactions.
The amount of money deposited through agents rose by 44% while the transfer from subscriber to subscriber rose by 30% to $36.1 billion.
In addition, the total amount of mobile money transfers grew by 31.7% to stand at $60 billion in 2021.
Mobile money transfer agents rose from 264, 390 to 292, 301 and phone money transfer service subscribers rose from 32 million to 35 million.
Here is a full breakdown of the stats:
- Mobile subscriptions up by 6%
- 65.1 million mobile subscriptions in Kenya
- Phone number porting decreased by 24.8%
- Mobile money subscriptions rose by 8.5%
- 35.2 million mobile money subscriptions now in Kenya
- Digital commerce transactions grew by 63.2%
- Digital commerce transactions reached $131.7 billion
- Mobile money deposited via agents rose by 44%
- 4.7 trillion transactions sent via mobile money agents
- P2P mobile money transactions rose by 30%
- P2P mobile money volume reached $36.1 billion
- Mobile money transfer grew by 31.7% in 2021 alone
- Mobile money agents grow by 10% to 292, 301
____________________
Read / Download the full report.
______________________________________________________________________
RECOMMENDED READING: [WATCH] 1 in 12 Kenyans Already Own Cryptocurrency, Says Head of Venture Growth, Mercy Corps Ventures
______________________________________________________________________
Thank you for your support by helping us create content:
BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT
ERC20 Address: 0x03139524428e40E31f13909f8D994C915FB91277
SOL address: 9cC65AWFHj848kntcoyiT8av3jiRQEqyTTmBR1GvVUb
____________________________________________________________________
Follow us on Twitter for the latest posts and updates
Join and interact with our Telegram community
_____________________
Subscribe to our YouTube channel below for more updates:
____________________________________________________________________
Related
