M-Pesa and Visa have launched a virtual payment card in a bid to capture some of Africa’s $40-billion/year subscriptions market.
Vodacom Group is mulling a bond issue and will pay a smaller proportion of its earnings in dividends as it looks to finance new growth plans.
Safaricom is encouraged by the positive outlook in Ethiopia and plans to start operations there this year, its CEO said.
VodaPay and other financial services offerings are playing an increasingly important role in Vodacom Group’s growth story.
Vodacom Group is targeting a 27% expansion in its financial services customer base to 73 million by March 2024.
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.