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Airtel reports $2.9 Bn in mobile money transfers in Africa in Q3-FY15

Airtel-Money-Africa-amount-transacted-Q3-FY15

Airtel* Money reported a total customer base of 6.2 million in Africa for the quarter ended December 31, 2014, registering a significant 17% growth from 5.3 million customers in the previous quarter and 127% up from the 2.73 million customers it reported for same quarter last year. The total number of transactions saw a significant growth (by 21.6%) to 159.6 million for the quarter.

airtel-money-chart-q3-fy15

Airtel-Money-Africa-Q3-FY15

On a yearly basis, the total number of transactions have tripled. The amount transacted has declined 12.6% quarter on quarter, even though it increased 70% year on year. Amount Transacted per customer declined 25.2% quarter on quarter, to $471.8. This is despite an increase in number of transactions per customer to 25.7 from 24.8 last quarter. Some charts for your consideration:

Airtel-Money-Africa-transactions-customer-q3-fy15

airtel-money-africa-amount-transacted-customer-Q3-Fy15

airtel-money-africa-amount-transaction-q3-fy15

 

No Airtel Money data for India, yet again

Airtel has applied for a Payments Bank license, along with Kotak Bank. More on that here.

Like the last three quarters, Airtel has not disclosed 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 — crore in Airtel M Commerce Services Limited during the quarter ended December 30th 2014.

Disclosure: Airtel is an advertiser with MediaNama

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