TANZANIA:Tigo dishes over 3bn to mobilemoney customers

TIGO Tanzania has announced another quarterly Tigopesa profit share payment amounting to 3.314bn/- to its customers. This is the profit distribution for this year’s second quarter.

Tigo’s Head of Mobile Financial Services, Mr Ruan Swanepoel, said in a statement that their objective is to ensure all Tigopesa stakeholders, which include individual customers, retail agents and their business partners which will share in this return based on the e-value that they have stored in their Tigopesa wallets.

“This is the second profit share in 2015 and the fifth since Tigo started distributing the interests generated from the Tigopesa Trust accounts held with major banks in Tanzania, we are really excited to be announcing this distribution to our loyal Tigo Pesa users.

“This payment underlines our commitment to provide financial access to our customers and the country at large,” said Mr Swanepoel.

Tigo is the first and only telecom company in the world to date to share its Mobile Money Trust Account profit, in the form of a quarterly distribution, he added.

“We believe this Tigo Pesa profit share distribution in 2015 will be a welcome relief to millions of Tigo Pesa users in meeting their various financial commitments, he said.

Mr Swanepoel said further that as before, the return to customers are calculated based on their average daily balance stored in their Tigo Pesa wallet.

The payment amounting to 3.314bn/- is almost equivalent to what the company paid in the first quarter of 2015. The Tigopesa profit share distribution scheme is in line with the Central Bank Circular issued in February 2014.

The company has so far paid a total of 27.2bn/- to Tigo Pesa users in five quarterly disbursements since the launch of the service in July 2014.

SOURCE:DAILYNEWS