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5 Facts you never knew about Mpesa. users should read this .

1. mpesa funds are not held by safaricom but by several commercial banks which are prudentially regulated in kenya.

2.Any mpesa transaction done is monitored electronically by safaricom.

3.The accumulated balance of all mpesa accounts represents only 2% of bank deposits by value.

4.The money used in mpesa by merchants do not belong to mpesa but an investment of their own. The agents pre_buy mobile money and sell against cash to the customers in retail.

5.Mpesa cash merchants are recruited by safaricom after which a specific training is done.

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