Nipate

Forum => Kenya Discussion => Topic started by: RV Pundit on May 13, 2021, 05:09:39 PM

Title: MPESA transacted 2 times GDP - 220B dollars - last year
Post by: RV Pundit on May 13, 2021, 05:09:39 PM

For instance, Kenyans transacted a total of Ksh.22.04 trillion on the platform between April 2020 and March this year representing a 58.2 per cent surge year on year.
https://www.safaricom.co.ke/images/Downloads/FY21_Results_Booklet.pdf

Title: Re: MPESA transacted 2 times GDP - 220B dollars - last year
Post by: gout on May 13, 2021, 10:10:26 PM

How do we reconcile the transactions for instance where I receive 5,000 then pay an Mshwari or Fuliza 5,000; borrow again, then use the money to pay Tala then borrow. Mpesa records this as a transaction worth 20,000.

Title: Re: MPESA transacted 2 times GDP - 220B dollars - last year
Post by: GeeMail on May 13, 2021, 10:19:10 PM

Linked to GDP, transactions over and over are good but you wish it was matched with other indicators of performance. 220b transactions for survival does not necessarily grow economy.

Title: Re: MPESA transacted 2 times GDP - 220B dollars - last year
Post by: RV Pundit on May 13, 2021, 10:25:27 PM

Net transaction - maybe. But we have M1,M2, M3

Quote from: gout on May 13, 2021, 10:10:26 PM

How do we reconcile the transactions for instance where I receive 5,000 then pay an Mshwari or Fuliza 5,000; borrow again, then use the money to pay Tala then borrow. Mpesa records this as a transaction worth 20,000.