How mpesa makes money and profit

1 min read

M-Pesa is not actually a company but a product offered by the Kenyan telecommunications giant - Safaricom.
The essence of the product is to enable transfer of e-money using a basic mobile phone.

To answer your questions simply, transaction fees are charged for the services as below.

1. Deposit money into your mobile wallet =free
2. Transfer Money to a registered or non-registered user=a fee applies as per the transaction amount based on bands
3. Withdrawal from mobile wallet =a fee based on transaction amount.

In addition, other services like paybill, which enables a user to settle utility bills also attract a charge.

Based on the amazing uptake of the product and the pricing structure, M-Pesa makes Safaricom a hell lot of money.

See Also

Safaricom Mpesa Charges 2018: Mpesa Withdrawal Charges and Rates Latest

New Mpesa Rates: Safaricom Kenya Tariffs & Safaricom Mpesa Rates of 2018

Current Official KNEC Contacts: Telephone, Mobile, Email, Facebook, Address, website 2018

 

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