Vodacom Group has completed the acquisition of an additional interest in Safaricom, taking majority control.
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MTN Group’s Ambition 2030 strategic plan targets tripled fibre, fintech up 13-fold and a doubling of data usage.
For years, Vodacom Group was viewed primarily as a telecoms operator with an interesting side business in mobile money.
Faster and more secure identity verification promises to speed up business processes but clear standards are needed.
Vodacom’s financial services business is becoming a much bigger contributor to group revenue.
Financial services has become a key strategic revenue driver for both Vodacom Group and MTN Group in Africa.
Optasia, backed by former banker Michael Jordaan, plans a JSE listing to fund expansion across emerging markets.
The balance between growth and risk management will dictate the sector’s trajectory in the coming years.
Vodacom Group now processes more than $400-billion in transaction value annually through its mobile wallet offerings.
Vodacom Group, including Safaricom, has topped 200 million customers for the first time – doubling from 100 million in 2018.