Safaricom’s Lipa na M-Pesa generates Sh40m monthly

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A chart showing tariffs at an MPesa shop. FILE PHOTO | NMG

Safaricom’s #ticker:SCOM mobile payment platform used to pay for goods and services is now earning the telco Sh40 million monthly, highlighting the impact of increased preference for cashless transactions.

The telco discloses that Lipa na M-Pesa, a platform that enables merchants to collect payments from customers using a till number, has seen increased popularity especially in Covid-19 environment.

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Note: The results are not exact but very close to the actual.