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Home Africa

Vodacom Tanzania to pay interest to M-Pesa users for 6 months to September

Staff by Staff
January 7, 2020
in Africa, Economy, Tanzania, Telecom
Reading Time: 1 min read
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Vodacom Tanzania has announced an interest payment to its mobile money users. Over 8.3 million Vodacom M-Pesa customers will receive their share of the TZS 9 billion accumulated in M-Pesa Trust Accounts as a benefit for using the service from April to September 2019.

Director of M-Commerce Epimack Mbeteni said the interest will be paid to all individual customers, retail agents and merchants, who will receive payments based on their M-Pesa wallet transactions.

Three months ago, the operator disbursed TZS 50.4 billion as dividends to its shareholders.

Vodacom has over 10 million customers on its M-Pesa platform, commanding a market share of 41 percent, according to recent TCRA figures. Vodacom Tanzania has so far paid out TZS 130 billion as interest to its M-Pesa customers.

Source: Telecom.paper

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Tags: Epimack MbeteniM-CommerceM-PesaM-Pesa Trust AccountsTanzaniaTCRAVodacomVodacom M-PesaVodacom Tanzaniaтанзанияتنزانياタンザニア坦桑尼亚
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