• Fri. Nov 13th, 2026
ADVERT

M-PESA Turns 19 and Smashes 40 Million Customers Milestone – Kenya’s Fintech Giant Just Got Even Bigger!

ByEditor

Mar 7, 2026
ADVERT
ADVERThttps://youtu.be/Sny2O4mVqxU?feature=shared

From a simple SMS money-sending hack in 2007 to a full-blown financial superpower today, M-PESA has just hit a jaw-dropping 40 million monthly active customers in Kenya – exactly on its 19th birthday.

Safaricom dropped the bombshell announcement on Thursday, confirming the mobile money pioneer has added millions of users in the past year alone and is now deeply embedded in the daily lives of nearly every Kenyan.

What started as a basic person-to-person transfer service has exploded into Kenya’s ultimate money app. Today, M-PESA isn’t just for sending cash – it’s your wallet, your bank, your investment advisor, and your business till all rolled into one.

Users now save and grow wealth with Ziidi MMF and Ziidi Trader, borrow instantly via Fuliza and KCB M-PESA, pay bills and shop with Lipa na M-PESA, run side hustles through Pochi la Biashara, and even get paid globally with Global Pay. All from a simple phone.

“Our goal is to give Kenyans – and Africa at large – digital financial tools to empower them to be more prosperous,” said Peter Ndegwa, Safaricom CEO. “Reaching 40 million monthly active customers in Kenya is a milestone we celebrate, as we recommit to enable every Kenyan to transact safely, grow their savings, and build their wealth. To us, every M-PESA transaction tells a story of someone building their future.”

ADVERT

Behind the explosive growth? Smart moves. Over the past 12 months, Safaricom poured cash into cutting-edge technology, beefed-up fraud prevention, and customer education. The shift to Fintech 2.0 has made the platform faster, safer, and ridiculously easy to use – even for first-time smartphone users in remote villages.

Barriers to wealth-building have crumbled. Kenyans who once couldn’t dream of investing now do it directly from their phones. Financial inclusion has never been this real.

As Africa races toward a mobile-first future, M-PESA’s story is the blueprint. Launched on March 6, 2007, the service has single-handedly transformed how money moves across the continent, proving that innovation plus inclusion equals unstoppable growth.

Ndegwa summed it up perfectly: “M-PESA remains committed to ensuring that everyone has the confidence and tools to navigate life’s financial journey.”

Nineteen years young and 40 million strong – Kenya’s favourite money app isn’t slowing down. If you’re not on M-PESA yet… what are you waiting for?

The revolution is already in your pocket.

Safaricom Appoints Boniface Mungania Chief Financial Services Officer In Major Leadership Move
Ne-Yo Lights Up Nairobi as Stanbic Bank’s Mashujaa Day Concert Draws 3,500 Fans Grammy-winning R&B superstar headlines ‘One Night Only: Brunch Edition’ at Ulinzi Sports Complex as Stanbic Bank backs Kenya’s creative economy and local enterprise NAIROBI, October 21, 2026 — Nairobi’s entertainment scene came alive on Mashujaa Day as approximately 3,500 music fans gathered at Ulinzi Sports Complex for One Night Only: Brunch Edition with Ne-Yo, a premium live-music experience title-sponsored by Stanbic Bank. The concert, held on Tuesday, October 20, delivered an afternoon of live performances, music and networking, bringing together Kenyan and international talent for a celebration that blended world-class entertainment with opportunities for the country’s growing creative economy. Performances began at 3:30 pm and concluded shortly after 8:00 pm, maintaining the event’s signature daytime brunch format while giving fans an opportunity to experience some of the biggest names on the lineup before nightfall. Kenyan musician Mutoriah opened the show with an energetic set, setting the pace for the afternoon. UK-based band Sol and the Gang followed with a vibrant performance before three-time Grammy Award-winning American R&B star Ne-Yo took centre stage to close the concert in style. Top Kenyan DJs kept the predominantly millennial audience entertained throughout the event, sustaining the energy between performances and reinforcing Nairobi’s growing appetite for curated, premium music experiences. Stanbic Bank puts creative economy in the spotlight Beyond the music, the concert highlighted the commercial opportunities generated by Kenya’s live-entertainment industry, with Stanbic Bank positioning its sponsorship as an investment in the wider creative ecosystem. The production created business opportunities across multiple segments of the value chain, including artists, sound engineers, stage and technical crews, production specialists, hospitality providers, security personnel, vendors and micro- and small enterprises. For an industry that relies heavily on collaboration among creative professionals and service providers, events of this scale can stimulate local demand, support livelihoods and open new commercial opportunities for businesses operating behind the scenes. Michael Mutiga, Chief Executive of Stanbic Bank Kenya and South Sudan, said the concert demonstrated how large-scale entertainment can combine audience appeal with tangible economic activity. “Yesterday was a powerful demonstration of what happens when world-class entertainment meets meaningful local economic impact,” Mutiga said. He noted that bringing more than 3,000 fans together went beyond the performances on stage, generating business for artists, technical teams, vendors, hospitality partners and small enterprises involved in delivering the event. “Kenya’s creative sector is a dynamic driver of growth, and Stanbic Bank remains committed to strengthening this ecosystem, raising its commercial profile, and supporting the livelihoods anchored in it,” he added. Creative industry contributes 5.32% of Kenya’s GDP The sponsorship comes against the backdrop of the creative economy’s contribution to employment, enterprise development and national output. A 2021 report by the World Intellectual Property Organization (WIPO) and the Kenya Copyright Board (KECOBO) placed the creative industry’s contribution to Kenya’s gross domestic product at 5.32%, while estimating that the sector provided formal employment for approximately 195,000 people. The industry also supports livelihoods across the informal economy, including performers, independent producers, event organisers, designers, content creators, technicians and small businesses that supply goods and services to entertainment productions. Stanbic Bank’s approach underscores the potential of cultural events to serve as more than marketing platforms. By bringing together consumers, performers, businesses and corporate sponsors, such events can create opportunities for local talent, showcase production capabilities and connect home-grown enterprises to wider commercial networks. However, the long-term impact of such initiatives depends on whether the opportunities generated translate into sustained contracts, improved incomes and stronger business prospects for local players beyond individual events. Stanbic Bank celebrates premium daytime entertainment Lilian Onyach, Head of Brand and Marketing at Stanbic Bank Kenya, said the event was designed to offer clients and music enthusiasts a distinctive, world-class daytime entertainment experience. She said the turnout and audience energy reflected the vibrancy of Kenya’s entertainment market and the growing appeal of carefully curated live-music events. “We set out to offer our clients and music enthusiasts a distinctive, world-class daytime experience, and the turnout and energy yesterday proved just how vibrant Kenya’s entertainment market is,” Onyach said. She added that the afternoon schedule allowed the event to preserve its brunch atmosphere while showcasing the artistry, logistical expertise and commercial capacity of Kenya’s creative industry. The format also reflects a broader opportunity for event organisers and sponsors to diversify entertainment offerings beyond traditional late-night concerts, creating experiences that appeal to audiences seeking music, social interaction and premium hospitality in a single setting. Brand recognition reinforces Stanbic Bank’s market position The Ne-Yo concert adds to Stanbic Bank’s brand-building initiatives as the lender continues to pursue market visibility through entertainment, customer engagement and support for economic activity. The bank was recently named Overall Best Bank in Kenya at the Think Business Awards. At group level, its parent, Standard Bank Group, was ranked Africa’s Most Valuable Bank Brand by Brand Finance for the fifth consecutive year. Through sponsorships such as One Night Only, Stanbic Bank is seeking to connect its brand with experiences that attract consumers while supporting businesses and professionals in adjacent industries. As Kenya’s creative sector continues to evolve, the commercial value of live entertainment will increasingly depend on the ability of organisers, sponsors and industry players to convert audience demand into sustainable opportunities for artists, entrepreneurs and the wider workforce. At Ulinzi Sports Complex, Ne-Yo provided the headline attraction, but the broader story extended beyond the stage: a major public celebration that brought international music to Nairobi while spotlighting the economic potential of Kenya’s creative industries
BAVal Maize Flour Takes Siaya by Storm as Green Army Sets Sights on New Markets Ahead of November Launch