M-Pesa users make up 89% of mobile money subscribers in Kenya.(Source: Philip Mostert for Vodafone Group)
Kenya added 2 million more mobile money accounts between January and March 2026.
The country’s total mobile money subscriptions increased from 51.4 million at the end of December 2025, to 53.4 million by the end of March, representing a quarterly growth rate of 3.9%.
That’s the news from the latest sector statistics released by theCommunications Authority of Kenya (CA)for the third quarter of the 2025/26 financial year (January-March 2026).
The data demonstrates continued growth in mobile money services and the broader digital financial ecosystem in the East African nation.
The regulator said the mobile money sector now has a penetration rate of 100.1%.
Mobile money subscriptions and penetration rate, 2025-2026. (Source: Communications Authority of Kenya statistics report for January 1-March 31, 2026)
The CA also tracked significant expansion in the mobile money agent networks.
The number of registered mobile money agents increased 20% quarter-over-quarter from 501,399 to 602,470, meaning that over 100,000 new agents were added during the three month period.
Telecoms operator Safaricom remains the market leader in the mobile money market, accounting for89.1% of mobile money subscriptions via its M-Pesa platform.
During the financial year ended March 31, 2026, M-Pesa transactional value grew 8.9% to KES41.68 trillion (US$322 billion) andvolumes grew by 25.1%to 46.41 billion transactions.
Safaricom said that M-Pesa is driven by high-frequency and low-value transactions.
During the past financial year, Safaricom facilitated 17.1 billion Kadogo transactions (zero-rated transfers for small-value payments), accounting for 36.8% of total M-Pesa transaction volumes.
M-Pesa’s evolution beyond payments and money transfers has resulted in expansion into savings, investment, insurance and wealth management products.
In February 2026, Safaricom and the Nairobi Securities Exchangelaunched Ziidi Trader, a platform that allows Kenyans to buy and sell listed shares via the M-Pesa app.
As of June 15, 2026, Ziidi Trader had racked up 688,000 opt-ins and over 103,000 active traders.
Safaricom data shows that the Ziidi Trader platform has facilitated 533,000 trades involving 171 million shares and a traded value of around KES1.9 billion ($14.7 million).
M-Pesa’s investment platformZiidi MMF (money market fund)has 2.42 million active subscribers and KES19.8 billion ($152.8 million) in assets under management.
The Shariah-compliant investment offering, Ziidi Shariah, also has more than 102,000 investing subscribers.
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