NAIROBI (Xinhua) --
The value of mobile money transactions in
Kenya topped 2 trillion Kenyan shillings (about 20
billion U.S. dollars) as mobile penetration hit the 100
percent mark in the third quarter, the industry
regulator said on Tuesday.
released by the Communications Authority of Kenya (CA)
showed that 730.2 million mobile money transactions
valued at some 20.1 billion dollars were recorded in the
July-September period, up from 611.3 million
transactions valued at 18.6 million dollars in the
also showed that mobile penetration rose by 2.3
percentage points to 100.1 percent at the end of
September from 97.8 percent at the end of June, an
increase that has mainly been attributed to the fact
that most users own more than one SIM card either from
the same or different service providers.
the CA, the number of active mobile subscriptions
increased to 46.6 million from 45.5 million, marking a
2.4 percent increase.