The most important ways of measuring the seismic cultural and economic shifts associated with the rapid spread of mobile technology in Africa are often incalculable. Even rogue economists and statisticians armed with adventurous research methods and fancy algorithms will have a difficult time quantifying, say, reduced stress levels of people completing a task in 10 minutes instead of 10 hours. So, when trying to impress upon skeptics the game-changing power of mobile technology on the continent, it often helps to let the numbers speak for themselves.
Enter M-PESA. One of our key mobile money partners, the Kenya-based company recently reported numbers so big even we had to do a double take. No further commentary is required. So, without further adieu, here are a few key stats from the 2011-2012 financial year:
43 percent increase in revenues
12,000 agents added for a total of 50,000 employees
15 million registered users
For more details on M-PESA’s astonishing growth, visit here. And a hearty congrats from all of us at SlimTrader.
