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Safaricom says its M-PESA wealth management service had 2.2 million active customers and KSh21.1 billion in assets under management in FY2026.
Safaricom reported 2.2 million active customers for its M-PESA wealth management service and KSh21.1 billion in assets under management for the financial year ended 31 March 2026.
The figures are disclosed in Safaricom’s FY2026 Sustainable Business Report, which covers the company’s Kenyan operations.
Safaricom’s Sustainable Business Report places wealth management within its digital financial services business. The company says this part of the business extends beyond payments and money transfers.
Safaricom reported 2.2 million active customers using its M-PESA wealth management service during FY2026. The report notes that “active customers” reflects the number of customers the company classified as active under its reporting approach, not the total number of people who may have accessed the service at some point.
The company also reported KSh21.1 billion in assets under management by the end of the financial year. Assets under management is the value of assets overseen through the service, and it is different from the number of transactions processed through M-PESA or the total value of payments made across its network.
The report cautions that the two measures are not interchangeable. It frames the customer count as a measure of participation or usage, while assets under management reflect the financial value of assets within the service’s reporting scope.
Safaricom’s disclosure gives a clearer picture of how its wealth management offering is performing, using two separate lenses.
Active customers indicate how many people are using the service under Safaricom’s definition. Assets under management shows how much value is being managed through the wealth management service, which is separate from payments activity on the wider M-PESA network.
Together, the figures help show how Safaricom is expanding digital financial services beyond payments and transfers through a mobile platform.
Primary Source: Tech Trends KE
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