- Mobile Money Subscriptions Surpass 54 Million in Q4,Reaching 101.3% Penetration
- Safaricom retains 88.8% of mobile money subscriptions as Kenya’s digital payments ecosystem continues to expand
The latest sector statistics released by the Communications Authority of Kenya (CA) for the fourth quarter of the 2025/26 financial year (April–June 2026) point to continued growth in mobile money adoption.
Mobile money subscriptions increased from 53.4 million in March 2026 to 54.0 million in June 2026,representing a 1.2% quarterly increase and approximately 637,000 additional subscriptions over the three-month period. On an annual basis, subscriptions grew by 13.2%, reaching 54.0 million by June 2026.
The increase pushed mobile money penetration to 101.3%, up from 100.1% in the previous quarter. Safaricom PLC continued to account for the majority of mobile money subscriptions,with an 88.8% market share as of June 2026.
Operator-level data in the CA report puts Safaricom’s mobile money subscriptions at 47,847,646 during the quarter.
The figures underscore the scale of Safaricom’s mobile money ecosystem and the continued role of M-PESA in Kenya’s increasingly digital economy.
Mobile money-related services also continue to make a substantial contribution to the wider telecommunications sector.According to the CA report, “other service revenue” which includes mobile money,roaming services, bulk SMS and airtime credit services, accounted for 42.8% of total mobile service revenues in 2025, making it the largest revenue category within the mobile services segment.
Overall mobile service revenues increased by 3.6% to KSh 440.9 billion in 2025, highlighting the growing importance of value-added and digital services beyond traditional voice and data.
The latest figures point to sustained demand for mobile money services, with subscription growth continuing to outpace the expansion of the physical agent network.
The combination of 54.0 million subscriptions, 101.3% penetration and Safaricom’s 88.8% market share demonstrates the scale at which mobile money has become embedded in Kenya’s digital services ecosystem.
For Safaricom, the figures reinforce the scale of the M-PESA platform and its role in supporting everyday transactions, businesses and broader digital economic activity.
As customers increasingly shift between physical and digital channels, the continued evolution of the mobile money ecosystem will be shaped not only by subscriber growth, but also by the platforms,infrastructure and services built around it.
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Business Quest Team 
