16 June 2022: Vodacom Tanzania Plc has started the disbursement of Tsh. 3.3 billion to its over 7.7 million M-Pesa users as a share of the profit accumulated on M-Pesa Trust Accounts. The pay-out will make a cumulative total of Tsh 174 billion which has been paid since the company started issuing the profit. These payments are expected to be completed by 17th June, by which time all subscribers will have received their share.
Elaborating further on the M-Pesa interest pay-out, Epimack Mbeteni, Vodacom Tanzania Director of M-Pesa said, “We are extremely gratified to see that the M-Pesa platform and its many services are a part of people’s everyday life. It is through their use of such services that we are able to return this interest to them. We are currently disbursing Tsh 3.3 billion to customers who used the platform in the last quarter of the past financial year, disbursing funds directly into their M-Pesa accounts.”
The profit will be paid to individual customers, retail agents, and other M-Pesa business partners based on their M-Pesa wallet transactions between January to March this year. 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.
Customers can SMS the word AMOUNT to 15300 to find out how much interest they will receive. Upon receiving the disbursed amount, M-Pesa customers can redeem the interest via cash withdrawal, airtime, or bundle purchases, and transact the bonus to pay bills or purchase products.
Mr. Mbeteni concluded by saying, “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 M-Pesa services that simplify and improve their lives. It has also been a key resource empowering small businesses to weather the difficulties which were caused by the Covid-19 pandemic. For us at Vodacom Tanzania, our priority is to make sure that the M-Pesa platform remains safe, agile and responsive to customer needs.”
About Vodacom M-Pesa Tanzania
Vodacom M-Pesa is the country’s largest mobile financial service introduced by Vodacom Tanzania PLC on 2008. Now GSMA certified and with over 11 million users, M-Pesa has significantly increased financial inclusion and economic activity in the country. Customers deposit and withdraw money from their M-Pesa accounts through over 108,000 agents across the country. The M-Pesa ecosystems connects business, bank and government agencies making digital payments possible.
M-Pesa continues to be the leader in providing innovative products and services to make the lives of its customers simpler and better.
