Vodacom Tanzania Plc has started the disbursement of TZs. 5.1 billion to its over 10 million M-Pesa users as a share of the profit accumulated on M-Pesa Trust Accounts. These payments are expected to be completed by 31st October, 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 despite challenging commercial environment being faced by our customers, the M-Pesa service continues to be a major foundation for their economic activities. We are currently disbursing 5.1 billion Shillings to our customers who have been using the platform over this period, and the payments go 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. 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 KIASI 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 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.”