M-Pesa subscribers,agents to share 4.9bn/-of profit made in Q3 of 2021

14Dec 2021
By Guardian Reporter
Dar es Salaam
The Guardian
M-Pesa subscribers,agents to share 4.9bn/-of profit made in Q3 of 2021

SUBSCRIBERS of M-Pesa who regularly transact on the platform will get a pie of the 4.9bn/- profit made during the third quarter of this year, Vodacom Tanzania Plc has announced.

Vodacom Tanzania Plc’s M-Pesa director, Epimack Mbeteni speaks at a past event.

The ‘dividend’ payments are due to be completed by mid this month to allow subscribers spend their cash towards end of year and Christmas festivities. “We are extremely gratified to see that despite challenging commercial environment being faced by our customers, the M-Pesa platform continues to be a major foundation for their economic activities,” said M-Pesa Director, Epimack Mbeteni 

“We are currently disbursing 4.9bn/- to our customers who have been using the platform during third quarter of this year, and the payments will go directly into their M-Pesa accounts,” Mbeteni added.

He said the profit will be paid to individual customers, retail agents and other M-Pesa business partners based on their wallet transactions between July to September this year. “The share of profit is dependent on the level of activity the user has had on M-Pesa for the said period. Such activities include transfers, bill payments, airtime purchases to name a few,” he explained.  Customers can text the word ‘Kiasi’ to 15300 to find out how much they will receive.

“This revolutionary mobile money platform has played a huge role in building inclusion and access to services in the country. Women and youth have seen the ease and convenience of using M-Pesa and are taking advantage of the numerous services that simplify and improve their lives,” the M-Pesa Director noted.

“It has also been a key resource empowering small businesses to weather the difficulties caused by the Covid-19 pandemic. For us at Vodacom Tanzania, our priority is to make sure that this platform remains the most agile and responsive to customer needs,” he concluded.

Vodacom’s M-Pesa is the country’s largest mobile financial service platform in the local market according to Tanzania Communications Regulatory Authority with over 10 million users. The GSMA certified platform has significantly increased financial inclusion and economic activity in the country with over 108,000 agents across the country.