M-PESA Accounts for Most Growth at 19.2% – 2019 Safaricom FY Results

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M-PESA Growth stats for the Safaricom FY 2019 Results

Safaricom has announced audited results for the year ended 31st March 2019 with M-PESA revenue up by 19.2% to Ksh. 74.99 Billion. Person-to-person transactions, and new business contributed largely to M-Pesa’s growth.

The new business that Safaricom referred to here include payments, saving and lending services such as Mshwari and Fuliza, and M-Pesa Global services like Paypal and money transfer services.

Payments had the biggest growth with Customer-to-Business payments having a 25.5% growth year on year.

 

According to Safaricom:

M-PESA has performed strongly this year, growing at 19.2% YoY. This growth has been driven by an increased number of users, higher velocity of funds within the ecosystem and adoption of new use cases.” #SafaricomFYResults

 

Below are the highlights of the Safaricom 2019 FY results announcement:

  • M-PESA revenue up by 19.2% to Ksh. 74.99 Billion
  • Customer-to-Business payments saw a 25.5% growth year on year
  • Fuliza now has 8.8 Million customers with Ksh. 29 Billion value of transactions over 3 months
  • The M-Pesa–PayPal partnership with TransferTo has seen immense growth with over 11,000 customers transacting monthly
  • 2.3 million new customers added to Safaricom services compared to 1.4 million last year
  • Mobile data revenue growth at 6.2% up YoY
  • Google Play Store App Purchases with M-Pesa Xpress now reach over 5200 apps per month
  • mySafaricom App now has over 700,000 daily users
  • USSD now has over 4.9 Million daily users
  • 3G at 93% coverage countrywide while 4G now covers 57%

 

 

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