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.