MyECheck, Inc. (fka MYEC)

[Hole shot King]

In Kenya 58 percent of the populace has mobile money accounts and 75 percent of Kenyan adults have a financial account of some kind.

The number of mobile money transfer services subscribers hit 26.8 million in 2015 while total amount of money transacted through mobile platform expanded by 18.7 percent to Sh2.8 trillion in 2015.

MPESA is the leader of the market with 20 million subscribers, Airtel has 26 percent of the market share while Orange has 10 percent.

According to Peric, digital accounts cut the cost of transactions by as much a 90 percent.

Sub-Saharan Africa is the only region in the world where more than

The total worth of Africa’s mobile money market is expected to top $14 billion in the next five years.

http://mobilemoneyafrica.com/content.php?id=2774