Airtel Money reported a total customer base of 5.3 million in Africa for the quarter ended September 30, 2014, registering a significant 23.26% growth from 4.3 million customers in the previous quarter and almost three times the 1.8 million customers it reported for same quarter last year.
The total number of transactions however saw a significant growth (by 34.29%) to 131.2 million for the quarter. On a yearly basis, the total number of transactions have tripled.
The total value of transactions however saw an increase quarter on quarter to $3.34 billion, with the average value per transaction increasing to $25.50 for the quarter, and the average value transacted per customer for the quarter increasing to $24.75.
No Airtel Money data for India, yet again
Like the last two quarters, Airtel has stopped disclosing data related to its Airtel Money India business. The company had also not provided data to us last quarter, when we had requested them for it. The last available data on Airtel Money had indicated that in Q4-FY14, it had reported :
– an active base of 1.7 million users in India in Q4-FY14
– 38 million transactions
– Rs 1,364.2 crore transacted for the quarter.
Update: The only available information that we have on India: In its earnings press release, Airtel said that it invested Rs 20 crore in Airtel M Commerce Services Limited during the quarter ended September 30th 2014.
Note that the Reserve Bank of India has begun a process for allowing telecom operators and other stakeholders such as prepaid payment instruments services like Airtel Money, Oxigen, Itz cash card, Paytm and Mobikwik to set up Payment Banks, for enabling deposits for money transfer and payments.