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M-PESA USERS GET SH7.9BN DIVIDEND - FINANCIAL-24

In Summary

“The quarterly exercise will see M-Pesa customers, agents and super agents receiving their share of the bonus earned as a benefit from using the service,” the company said in a statement.

Dar es Salaam. Users of mobile money service M-Pesa users have started receiving their dividend as Vodacom Tanzania distribute Sh7.9 billion. This is another round of distribution of earnings from M-Pesa Trust Accounts between January 1 and March 31, 2017. The distribution will benefit seven million active M-Pesa users country wide, according to Vodacom.

“The quarterly exercise will see M-Pesa customers, agents and super agents receiving their share of the bonus earned as a benefit from using the service,” the company said in a statement.

Vodacom is sharing the profits in line with the requirements from the Bank of Tanzania.

With the current distribution, Vodacom will have distributed a staggering Sh77 billion since it first started sharing interest earned from M-Pesa Trust Accounts held with various commercial banks in the country. Before this distribution, over Sh70 billion had been already distributed to the wallets of M-Pesa customers in several phases which included usage benefits accumulated from inception of the service up to December 31, 2016.

The company’s M-Commerce director Mr Sitoyo Lopokoiyit said; “M-Pesa is an enabler for financial inclusion to all. As we continue to lead in giving more Tanzanians access to affordable financial services, we are committed to bringing even more innovative solutions, providing businesses and government with a platform that is easy to integrate to and offer competitive remuneration for our agents and business partners.”

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