Giant telecommunication network Safaricom CEO Bob Collymore officially took down costs of m-pesa transactions lower than Ksh. 100
The announcement was made by Safaricom CEO Bob Collymore during the release of the Safaricom financial year 2017.
According to Collymore, the will be effective on person to person and Lipa na Mpesa transactions.
The move comes at a time when Safaricom are experiencing a significant rise in their revenues, and the Safaricom CEO attributed the changes to youth empowerment.
“We have done this to empower the people who support this company the most – the mama mbogas, the small businessmen and the micro agents who form our network,” He said as reported by Nairobi News.
The leading mobile network company in Kenya recorder net profits of 23.9 billion during a six month period, and for the first time, the profits largely came from non-voice services