Operators have been exploring alternative sources amid declining voice call revenue and cheaper data
Vodacom Group, which is looking into deepening its footprint in the potentially lucrative financial services in Africa, has added 6.2-million subscribers in the six months to end-September, taking the total to 129.9-million.
In releasing its first-half results, Vodacom said on Monday that its mobile money platform M-Pesa, including Safaricom, processed $301.9bn over the last 12 months, with transaction value up 31.2% in the second quarter. Over the past week, Vodafone agreed to buy a controlling stake in the Egyptian unit of parent Vodafone for $2.73bn. SA’s largest mobile operator will leverage its financial services platform to tap into 80% of Egypt’s 100-million population that are unbanked.
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