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Airtel Money’s India transactions up 25.8% QoQ; Amount transacted at Rs 1,364 Crore

The total number of transactions made in India through Airtel's mobile payment business Airtel Money, witnessed a significant growth to 38 million for the quarter ended March 31, 2014, up 25.8% from 30.2 million transactions in the previous quarter. The company's active user base also saw a modest growth to 1.7 million for the quarter, from 1.3 million in the previous quarter. However, the average value of transaction declined to Rs 359 for the quarter from Rs 406 in the previous quarter. Despite this, the amount transacted witnessed a 10.2% growth to Rs 1,364.2 crore for the quarter, up from Rs 1,238 crore in the previous quarter. Airtel Money in Africa The service's performance in Africa is also encouraging. The total customer base using the Airtel Money platform increased by a significant 28.2% to 3.5 million from 2.73 million in the previous quarter. The…

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