August 26, 2016
It’s not only about Kenya
With 93% of the adult population registered for M-Pesa and 60% actively using the service (more than 11.6 million people), M-Pesa continues to impress (and deserves much of the attention it gets). However, developments in other markets prove that mobile money can be successful beyond Kenya’s borders. Our colleagues at MMU have identified nine providers with more than 1 million active customers (as of June 2013). Operators in Tanzania, Uganda, Zimbabwe, Bangladesh, Pakistan and even Somaliland are developing successful mobile money businesses.