M-Pesa is Smoking Bitcoin in Number of Transactions

  • Philip Ryan
  • February 14, 2014
  • 3

The media is abuzz with bitcoin stories, but the cryptocurrency’s number of transactions is essentially flat since its 2009 launch. Meanwhile, M-Pesa, the mobile money movement service that began in Kenya in 2007 and has since spread to other financially underserved countries, is seeing steady growth in number of transactions. The chart below from economist David Evans starkly depicts the different paths bitcoins and M-Pesa are taking.







UPDATE: Here is the data Bob refers to in his comment below.


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Philip Ryan is Senior Editor of Bank Innovation and Senior Director of INV Fintech. He began covering financial services in 2012 and has more than 15 years' experience in online journalism. He can be reached at pryan@royalmedia.com.

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3 thoughts on “M-Pesa is Smoking Bitcoin in Number of Transactions

  1. This information is completely inaccurate. You should check your sources before you post. It makes you look inept.

    Here is the correct information from Blockchain. Which is only about 10% off of Mpesa.


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