Tigo customers pocket quarterly profit shareFrom ALLOYCE KIMBUNGA in DAR ES SALAAM, Tanzania
DAR ES SALAAM, (CAJ News) – TIGO Pesa users have received more than US$2 million as profit share paid every quarter by Tanzania’s mobile network operator.
The company has announced a a quarterly profit share growth of 18 percent with payment to customers rising from $2 million for the quarter ending December 2015.
Cumulatively, Tigo Pesa users have earned $18,5 million in profit share since the scheme started seven years ago.
“We are really excited to be announcing this increased profit share distribution for the eighth successive time,” said Tigo Head of Mobile Financial Services, Ruan Swanepoel.
“This underlines our commitment to provide financial access to our customers and the country at large through our Tigo Pesa services,” Ruan said.
He attributed the increased profitability to Tigo’s improved market condition and steady growth in the number of Tigo Pesa users, in particular from the merchant segment.
Tigo Pesa currently has the largest network of over 50 000 merchants.
– CAJ News
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