Vodacom Lesotho (VCL) Financial Services, commonly known as M-Pesa, has started paying interests that accumulated between February 2024 to January 2025 to its eligible customers.
In a statement, the company says it intends to pay out M11,978,055.11 to 826,040 customers this year, as interest accumulated in its trust account over this period.
Only customers who sends money (person to person), make withdrawals, buy goods (customer to business), buy airtime and bundles and those who make bill payments are eligible, it noted.
Furthermore, the aggregate value of these transactions is considered, looking at money going in and money going out (debits and credits) over the same period.
“Each individual customer is going to have their daily transactions calculated and this is going to be called their ‘Throughput’. This will be calculated as their total debit and credit entries. A customer’s throughput is then calculated as a percentage of the total Trust account throughput; the resulting percentage is then multiplied by the total interest accumulated, which determines the share of a customer on the total interest allocation,” the statement indicated.
