Safaricom’s #ticker:SCOM commissions paid to M-Pesa agents rose 18.4 percent in the year ended March on the back of increased bank deposits via the mobile money platform due to the removal of transfer fees last year.
The telco paid the agents Sh28.21 billion, up from Sh23.82 billion in the year ended March 2020, as M-Pesa to bank transactions surpassed bank to M-Pesa transfers for the first time.
