Innovator awarded Sh1.4bn over M-Pesa child wallet

The High Court ordered Safaricom to pay innovator Peter Nthei Muoki Sh1.4 billion for copyright infringement related to an M-Pesa child account product. Safaricom is also required to pay 0.5% of its gross M-Pesa revenue annually starting March 31, 2025, as long as it operates the Manage Child Account. Muoki accused Safaricom of launching a similar product to his M-Teen Account after pitching his concept in March 2021.