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Tuesday, July 5, 2016

EQUITEL'S Q1 TRANSACTIONS HIT SH64BILLION

Payment platform Equitel has announced a 38 per cent jump in quarter on quarter transactions for the first three months of 2016.

According to figures released by the Communications Authority of Kenya, 44.7m transactions were handled through the platform as compared to 42m transactions between September 1 - December 31st, 2015.

The fast growing platform is a subsidiary business of grassroots lender, Equity Group.

CAK figures also show that with a 19.6% quarter on quarter growth in mobile traffic, Equitel is by far the fastest growing mobile telephony service in the country.

Operator
March 2016
December 2015
Variation

Pre-Paid
Post-Paid
Total
Pre-Paid
Post-Paid
Total

Safaricom
24,230,310
931,126
25,161,439
23,556,656
852,278
24,408,934
3.1
Airtel
6,580,141
142,271
6,722,412
7,088,360
148,164
7,236,524
-7.1
Equitel
1,683,362

1,683,362
1,407,172
-
1,407,172
19.6
Orange
4,800,445
8995
4,809,440
4,654,190
9,124
4,663,314
3.1
Sema
158
-
158
-
-
-
0.0
Total
37,294,419
1,082,392
38,376,811
36,706,378
1,009,566
37,715,944
1.8

While Safaricom and Orange both grew at 3%, and Airtel fell 7%, Equitel users rose to 1.6 million from 1.4m the previous quarter a growth of 19%.

Its voice traffic totalled 39.4m minutes with 4m in on-net and 35.3m minutes in off-net traffic.

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