Vodacom M-Pesa customers have all reasons to smile this Christmas after the telco dished out 3.8bn/- in interest payment from mobile money transactions.
The customers who are eligible for the dividends are those who have used the service in the second quarter ending September. The vodacom financial year starts in March.
Vodacom’s M-Commerce Director Mr Epimack Mbeteni said that the profit will be paid to all individual customers, retail agents and other M-Pesa business partners, who will receive payments based on transactions made via their mobile wallets.
“In line with the regulations of the Bank of Tanzania, interest earned from the deposit is periodically shared with the customers…and in quarter two is 3.8bn/-,” Mr Mbeteni said yesterday:
“We have seen substantial growth on the M-Pesa platform with more customers, agents, merchants and institutions transacting around 200bn/- each day.”
Vodacom Tanzania Plc has over 15 million customers on its M-Pesa platform commanding a market share of 39.3 per cent according to recent Tanzania Communications Regulatory Authority (TCRA) figures.
The telco has so far paid out over 180bn/- as interest payout in the last seven years BoT enacted the regulation.
Mbeteni added that the profit share per customer is calculated as per the BoT circular and will depend on, among other things, the level of activity they would have had on M-Pesa for the said period.