mobile money services
Airtel Reports 13% Revenue Growth for the Second Quarter
Sourced from Comms MEA Airtel Africa, a telecommunications company, has reported a 13% revenue growth for the second quarter of 2022. Total revenues, for mobile services and mobile money services combined, grew in Nigeria by 18.3%, in East Africa by 14.1%, and in Francophone Africa by 11.7%. On its own the mobile money service grew by 26.5%, driven by growth of 26.9% in East Africa and 25.4% in Francophone Africa. The company’s operating profit grew by 20.6% to $425 million. Segun Ogunsanya, CEO of Airtel, expressed that he is pleased with the results. “I am pleased to report that the Group has continued to post double-digit revenue growth, margin improvement and strong earnings growth. I am also particularly pleased with our ongoing strengthening of the balance sheet which continued after...
Safaricom Chalks Up Almost $500-Million Profit from M-Pesa Unit
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Telkom Kenya Faces Delays on its New Mobile Money Subsidiaries
Image sourced from News24 Telkom Kenya says that it is facing delays in getting approval from the Communications Authority of Kenya (CA) for its two mobile money subsidiaries that it announced last year. According to Business Daily, the telecommunications company announced Telkom Digital and T-Kash in May 2021 as a bid to reorganise its company structure. T-Kash, the telco’s mobile money services will reportedly house T-Kash Loan, a loan service that hasn’t been activated on the app as yet. The digital subsidiary is expected to involve infrastructure including a fibre network, international submarines cables, and a smart landing hub to act as a gateway to the East African region amid increased demand for data service, as per Business Daily. “We have done most of it we are waiting for the r...
Nearly Half of All Consumers in SSA Use Mobile Financial Services – Ericsson
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
M-PESA is Close to a 99% Market Share in Kenya
Sourced from Tech Weez. As of 31 March 2020, the number of registered mobile money subscriptions in Kenya was 29.1 million. This space is dominated by Safaricom with M-PESA having a 98.8% market share. The Communications Authority of Kenya (CA) reports that Airtel Money comes in a far, far second at 1.1%, and third is T-Kash at a 0.05% share. Equitel, which is regarded more as a banking product than a mobile money service was not ranked by the CA. Launched in 2007, M-PESA has become a Kenyan stable, with Tech Weez writing that as of right now the service and its products are symbiotic with the country’s economy so far as to be impossible to run a business without it, or any other mobile money platform. M-PESA’s success has also firmly planted Kenya in the world map, the service is consider...
Is Technology Africa’s Biggest Undiscovered Gold Mine?
Technology has the potential to fundamentally transform societies. Information and Communications Technology (ICT) and broadband are becoming central to the societal developments around the world – enabling rapid improvements to industrial production and societal services, positively influencing the way we live and interact with our environment. Africa is home to over a billion people and the population is expected to grow in the coming years. It is projected to grow from 17% in 2020 to 26% in 2050 and 39% by 2100 of the global population while the share of Asia will fall from 59% in 2020 to 55% in 2050 and 43% in 2100. It is also a continent with the most growing economies and many from a low base; 9 of the 20 fastest growing in 2020 according to the IMF with rates above 6% of GDP (not ad...
