The amount of money Kenyans transferred via mobile phone jumped by Sh296.97 billion in a year from Sh674 billion recorded in the first quarter of 2020 to Sh970.97 billion in Q1 of 2021, data from the Communications Authority of Kenya reveals.
A majority of these transactions happened on the Mpesa, which accounted for 98.8 percent of the total market share, while Airtel Money and T-Kash recorded market shares of 1.1 and 0.05 percent respectively.
