Amidst the increasing adoption of technology and the widespread use of mobile phones in daily life, coupled with rising demand for convenient financial services, the total count of active mobile subscriptions has risen from 65.7 million in December 2022, to 66.8 million by December 2023.
This growth represents an increase of 1.1 million new mobile subscribers.
The number of active mobile money agents marginally increased by 2.68 percent from 318,607 to 327,162.
Consequently, this resulted in a 13.8 percent increase in the value of transactions from Sh708.06 billion in December 2022, to Sh788.35 billion in December 2023.
