Equitel is now the second biggest mobile money mover in Kenya. This is according to data collected from the Communications Authority of Kenya for the three months to June 2016.
According to the data, Equitel moved Sh.138.5 billion was transacted through Equitel against a total of Sh.957 billion. This accounted for a 14.4 per cent stake for the fairly new mobile money service.
By the end of this period, Equitel had recorded two million subscribers compared to othe older players in the market such as Telkom  who had 5.2 million subscribers, Airtel who had 6.5 million subscribers and Safaricom who had the largest share at 25.9 million subscribers.
In the period ending September 2016, growth in Equitel mobile loan disbursements accounted for 84% of all loan disbursements compared to 16% branch loan disbursements.