Airtel has reported a 53.02% growth in mobile money transactions in Africa during the Quarter 2 financial year, ended September 30.
The telecom company saw transactions of US$3.34 billion in the quarter.
The number of customers for Airtel Money also increased by 23.26%. Airtel now has 5.3 million users in Africa growing from 4.3 million in the last quarter.
The company also had growth in the data revenue.
“Data revenues stood at $ 115 Mn with growth of 56.8% Y-o-Y, led by increase in data customer base by 50.4% and higher usage per customer by 24.5%. Data revenues contribute to 10.1% of overall Africa revenues vis-à-vis 6.6% in the corresponding quarter last year,” the company said.
In a statement, Mr. Christian de Faria, MD and CEO, Africa, said: “I am delighted to note that mobile data revenues in Africa have grown by 57% Y-o-Y to clock $115 Mn in this quarter, which is now 10% of the total revenues. Our robust 3G networks have supported the doubling of data volumes Y-o-Y, and we have been gearing up for much more growth. Airtel money transaction values have also crossed $ 1 Bn a month. More than 5 Mn customers are carrying out a daily average of 1.4 million transactions on Airtel Money. We are delighted to be in the forefront of this twin opportunity – mobile data and m-commerce, both of which have enormous potential to change quality of lives of people in Africa.”
