Published On: Thu, Apr 21st, 2016

Tigo customers pocket quarterly profit share

TiGo

TiGo

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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