M-PESA Logs 46.4 Billion Transactions Worth KSh41.68 Trillion as Merchant Services Expand
Safaricom's M-PESA processed 46.4 billion transactions valued at KSh41.68 trillion, confirming the mobile money platform's systemic scale in Kenya's economy. Merchant service expansion is reshaping the country's commerce layer, with M-PESA deepening its role beyond peer-to-peer transfers into business payment infrastructure.
M-PESA: 3.13 million merchants is the real number
The transaction totals are staggering, but they're not the point.
The number that actually matters is 3.13 million businesses now accepting digital payments through M-PESA — up a quarter in a year. That's not a platform people use to send money home anymore. That's commerce infrastructure, the kind that makes SME lending legible and contactless payments viable at scale.
Every fintech trying to serve Kenyan small businesses is now, quietly, building on top of M-PESA's reach. That's a foundation — and a ceiling.
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- M-PESA processed 46.4 billion transactions as Safaricom expanded merchant services · techtrendske.co.ke · T2