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Kenya’s Mobile Money Subscriptions Surpass 54 Million
Mobile money penetration reaches 101.3% as Safaricom maintains an 88.8% share of subscriptions.
Kenya’s mobile money ecosystem continued to expand in the fourth quarter of the 2025/26 financial year.
Data from the Communications Authority of Kenya (CA) shows that mobile money subscriptions reached 54.0 million by June 2026. That compares with 53.4 million in March, representing a 1.2% quarterly increase.
The latest figure also marks a 13.2% increase from a year earlier. Mobile money penetration rose to 101.3%, up from 100.1% in the previous quarter.
Safaricom Maintains Strong Market Share
Safaricom continued to account for the largest share of Kenya’s mobile money subscriptions.
The operator held an 88.8% market share as of June 2026. CA data puts Safaricom’s mobile money subscriptions at 47,847,646 during the quarter.
The numbers highlight the scale of M-PESA within Kenya’s digital payments ecosystem.
They also show how deeply mobile money has become embedded in everyday financial activity, from person-to-person transfers to business payments.
Digital Services Drive Telecoms Growth
Mobile money is also contributing significantly to the wider telecommunications sector.
According to the CA, “other service revenue” accounted for 42.8% of total mobile service revenues in 2025. The category includes mobile money, roaming services, bulk SMS and airtime credit services.
Overall mobile service revenues increased by 3.6% to KSh440.9 billion in 2025.
The growth points to the increasing importance of digital and value-added services alongside traditional voice and data services.
Mobile Money Becomes More Embedded in Daily Life
The latest figures come as Kenya continues to shift towards digital payments.
Mobile money services now support a wide range of everyday activities. These include sending money, paying bills, purchasing goods and services, and supporting business transactions.
At the same time, the continued growth in subscriptions highlights the scale of Kenya’s digital financial ecosystem.
For Safaricom, the figures reinforce the reach of the M-PESA platform and its role in supporting transactions across households and businesses.
As digital and physical channels continue to converge, the next phase of mobile money growth will depend not only on subscriber numbers. It will also depend on the platforms, infrastructure and services built around the ecosystem.
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