An M-Pesa user in Ethiopia on average spends Sh0.50 a month in transaction fees, dimming the power of the mobile money service to grow Safaricom's profits.
Investor disclosures for the nine months ended December 2025 show M-Pesa revenue in Ethiopia stood at measly Sh12.2 million, translating to a monthly average of about Sh1.4 million from the active 2.36 million users.
