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Vodafone India reports 0.3M active M-Pesa users in Q1-FY15

Vodafone India's mobile payment service M-Pesa has 1.5 million registered users, of which around 300,000 are active users as of June 30, 2014, the company has disclosed in its Q1-FY15 results. This is the first time the telco has disclosed active users for M-Pesa, although the service had reported 1.2 million registered users in the previous quarter. In comparison, M-Pesa’s competitor Airtel Money had reported to have an active base of 1.7 million for Q4-FY14, up from 1.3 million in the previous quarter. The total number of transactions was at 38 million, up 25.8% quarter-on-quarter (QoQ) while the amount transacted was at Rs 1,364.2 crore for the quarter, up 10.2% growth QoQ. Vodafone however hasn't disclosed any information on how m-pesa is performing in terms of transactions or amount transacted. Vodafone which operates the service through its wholly owned subsidiary Mobile Commerce Solutions Ltd (MCSL), had completed the pan-India rollout of the…

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