.Vodacom’s super app now has 3.3 million registered users. VodacomResults VodaPay
Vodacom Group has delivered solid financial results, boosted by its financial services business, in its financial trading report for the year ended 31 December – with a service revenue increase of 17.2%.
The telephony group says given the numerous external pressures and financial market uncertainty, it is particularly pleasing to have delivered a satisfactory set of results. This reflects the resilience of its multi-service strategy and track record in adapting quickly to changes across operating environments, it comments.
Shameel Joosub, Vodacom Group CEO, says: “In South Africa, financial services continue to grow. I am particularly encouraged by the traction and transaction volume growth that our VodaPay super app continues to attract through its 5.7 million downloads and 3.3 million registered users. The sustained levels of load-shedding have been disastrous for the South African economy and the industry as a collective, adds Joosub.
The group’s proposed purchase of a joint venture stake in South African fibre company Maziv is expected to assist in narrowing the digital divide, by enabling affordable access to connectivity in some of the most vulnerable parts of the country through an “ambitious” fibre rollout programme, it points out.
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