- In Kenya, KES12- KES15 Billion are stored in M-PESA systems at any one time.
- Safaricom is not allowed to earn interest on the money stored in M-PESA — instead, interest earnings go into a charitable M-PESA foundation.
- When it started, M-PESA was never intended to make a profit. It was intended only to increase customer loyalty. Today M-PESA provides 16 per cent of Safaricom's revenue.
- At peak times, there are 200 M-PESA transactions every second, and the equivalent of 20% Kenya's GDP flows through the system.
- Fraud within M-PESA is 5% of that withing the banking system.
Apr 16, 2012
5 things you probably dont know (but should know) about M-PESA