In a first, more Kenyans are on M-Pesa than on Safaricom’s mobile network

For the first time, more Safaricom customers now rely on its M-Pesa mobile money service than on its traditional mobile network, signalling a major shift in the company’s business model.

In the six months to September (H1 FY26), Kenya’s biggest telco reported 37.9 million one-month active M-Pesa users, compared with 37.5 million mobile subscribers, per its latest investor presentation….