Airtel's mobile money platform Airtel Money has reported a total active customer base grew of 4.3 million in Africa for the quarter ended June 30, 2014, registering a significant 22.86% growth from 3.5 million customers in the previous quarter and more than triple of 1.3 million users in the same quarter last year. The total number of transactions however saw a modest growth to 97 million for the quarter, up 5.4% from 92 million transactions in the previous quarter. On a yearly basis, the growth was more significant with the total transactions nearly quadrupling from 26 million transactions in the same quarter last year. The total value of transactions however saw a marginal dip to $2.19 billion for the quarter from $2.2 billion in the previous quarter but grew from $0.45 billion in the same quarter last year. As a result, the average value per transaction also dipped to $22.54 for the quarter from $23.93 million in the previous quarter but increased from $17.23 in the same quarter last year. Strangely, Airtel hasn't disclosed any information on how Airtel Money has performed in India for the quarter. We've written to Airtel requesting for more information on this and will update once we get it. Remember that Airtel Money is currently one of the largest Prepaid Payment Instruments services in India, although most of the transactions are likely to be recharges. The company had reported an active base of 1.7 million users in India in Q4-FY14, up from 1.3 million in the previous quarter. The total number of transactions made in the country was at 38 million, up 25.8% quarter-on-quarter…
