wordpress blog stats
Connect with us

Hi, what are you looking for?

Airtel reports $3.34 Bn in mobile money transfers in Africa in Q2-FY15

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.


airtel-money-africa-txns-amt airtel-money-africa-avg-txns-amt
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.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


A survey by the National Payments Corporation of India (NPCI) found that at least 80% of households now use digital payment apps like Paytm,...


In an affidavit filed before the Supreme Court, the Reserve Bank of India (RBI) has said that companies like WhatsApp, Google and Amazon have...


Amazon Prime Video has partnered with Airtel to offer a mobile-only version of Prime Video, which bundles tariffs and Prime Video Mobile at a...


While digital payment adoption began to grow significantly post demonetisation, the COVID-19 pandemic accelerated this shift over the last year, according to PwC India’s...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ