Nairobi: Mobile money subscriptions in Kenya grew by two million during the third quarter of the 2025/26 financial year, reaching 53.4 million accounts, according to the latest sector statistics released by the Communications Authority of Kenya (CA).
According to Kenya News Agency, the report shows mobile money subscriptions increased from 51.4 million in the previous quarter, representing a 3.9 percent growth rate. The rise underscores the continued uptake of digital financial services across the country.
In a press statement today, CA indicates that the expansion was supported by a significant increase in agent networks, with the number of registered mobile money agents rising from 501,399 to 602,470. This represents a 20.2 percent quarterly growth, equivalent to more than 101,000 new agents added during the period.
Safaricom maintained its dominance in the mobile money market, accounting for 89.1 percent of total subscriptions. The company’s M-PESA Fintech 2.0 platform upgrade has enhanced system capacity, enabling the processing of higher transaction volumes and supporting the introduction of new digital financial products. During the 2025/26 financial year, the M-PESA ecosystem processed approximately 46.41 billion transactions valued at Sh41.68 trillion. Small-value ‘kadogo’ transactions remained a key driver of activity, accounting for 17.1 billion transactions, or 36.8 percent of total M-PESA transaction volumes.
Beyond payments and money transfers, mobile money platforms are increasingly expanding into savings, investments, insurance, and wealth management services. Among the investment products, Ziidi MMF emerged as the largest within the M-PESA ecosystem, attracting about 7.7 million opt-ins, 2.42 million active investors, and assets under management worth approximately Sh19.8 billion. The recently launched Ziidi Trader platform recorded about 688,000 opt-ins and over 103,000 active traders. The platform facilitated approximately 533,000 trades involving 171 million shares with a traded value of Sh1.9 billion.
The Shariah-compliant Ziidi Shariah investment product attracted around 836,000 opt-ins, translating to more than 102,000 active investors and assets under management of approximately Sh154 million. Insurance products also continued to gain traction. Tuunza registered approximately 759,000 opt-ins, with 87,000 customers purchasing insurance cover, protecting more than 205,000 lives through over 7,100 active policies. Meanwhile, Ziidi Pochi, a digital savings product targeting low-value savers, recorded 1.46 million opt-ins, nearly 196,000 active users, and assets under management totaling Sh318 million.
The latest statistics highlight the growing transformation of mobile money platforms into comprehensive financial ecosystems that support savings, investments, insurance, and participation in capital markets, further strengthening financial inclusion across Kenya.
