Tigo Tanzania pays US$2.1m profit share to customers

tigo npattersonTigo has paid mobile financial services users a total of US$16.5mn. (Image source: flickr/npatterson)Tigo has announced it has distributed US$2.1mn to its 4.6mn mobile wallet users

Tigo Tanzania's head of finance and risk for mobile financial services, Obedi Laiser, said the firm has paid its mobile financial services users a total of US$16.5mn. The payment is generated from revenue accrued in the Tigo Pesa Trust accounts.

According to Tigo, the scheme is a world first for a mobile money service.

“This profit share is payable to all Tigo Pesa users including individual customers, retail agents and our business partners each based on the e-value they have stored in their Tigo Pesa wallets,” said Laiser.

“We are really excited to be announcing this profit share distribution for the seventh successive time. The payment underlines Tigo Tanzania’s commitment to provide financial access to our customers and to promote financial inclusion in the country through our Tigo Pesa services,” he added.
Tanzania, which has an estimated population of 45mn people, hopes to achieve a 50 per cent national financial inclusion of its population by 2016.

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