Safaricom #ticker:SCOM paid Sh1.4 billion worth of M-Pesa technical support fees to M-Pesa Africa, a company it owns on a 50/50 basis with its South African parent firm Vodacom Group.
The fee was paid in the year ended March at a rate of two percent of the telco’s M-Pesa revenue of Sh82.6 billion in the review period, according to disclosures in the firm’s latest annual report.
