MTN processes nearly half of all mobile money value

MTN MoMo
Vodacom-Safaricom
36.9%
MTN MoMo transaction value growth (constant currency, 9 months to Sep 2026)
20.7%
Vodacom-Safaricom transaction value growth (last 12 months to Sep 2026)
MTN's MoMo platform accounts for a disproportionately large share of combined transaction value relative to its share of combined users, pointing to a more commercially intensive user base. MTN's transaction value is also growing nearly twice as fast as Vodacom-Safaricom's, meaning the total value gap between the two platforms is narrowing rapidly.