Vodacom Group is targeting a 27% expansion in its financial services customer base to 73 million by March 2024.
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Vodacom Group reported a 5.1% fall in half-year earnings on Monday and declared an interim dividend of R4.20/share, up 1.2%.
Africa is central to Swedish music streamer Spotify’s plans to extend its reach to a billion customers.
Mobile payments platform M-Pesa has topped 50 million active users – measured by monthly active customers – telecommunications group Vodacom said on Tuesday.
Standard Bank Group is taking a big bet on the future of mobile payments in Africa, launching a platform called Unayo that takes direct aim at Kenya’s M-Pesa and other mobile payment solutions.
Vodafone Group has hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.
Vodacom Group reported a strong 9% advance in revenue in the first quarter of its 2022 financial year, reaching R24.8-billion. If it hadn’t been for rand strength, the figure would have been 14.2%.
The Global Partnership for Ethiopia, the Safaricom-led consortium that won a licence to build a network in the East African nation, has appointed Anwar Soussa to lead the venture.
Vodacom Group upgraded its medium-term operating growth target to mid-to-high-single digit on Tuesday after reporting a 3.7% jump in full-year earnings.
Safaricom of Kenya is holding talks with Amazon.com about the use of mobile money service M-Pesa on the e-commerce giant’s platform.