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M-pesa revenues decline attributed to betting industry

PUBLISHED: Wed, 02 Oct 2019 15:00:08 GMT

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Safaricom’s M-pesa revenues are expected to take a hit to 13.3 year-on-year from 18.20 per cent that was reported in the first half of 2019 according to a report by Genghis Capital, now the decline has been attributed to the performance of the betting industry which accounts for about 7 per cent of M-pesa revenues. For more on this, Research Analyst from Genghis Capital, Patrick Mumu joins CNBC Africa for more.


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