Vodacom, a pan-African technology group, processed nearly $548 billion in mobile money transactions over the past year, signalling that the telecom giant’s future lies beyond phone calls and data bundles.
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Vodacom Lesotho has launched Tsetela, a mobile investment platform that enables M-Pesa customers to access formal investment opportunities.
Vodacom Group processed $547.9 billion in mobile money transactions over the past 12 months, including Safaricom, as it expands deeper into financial services.
Vodacom is ending its long-standing reputation as one of South Africa’s most generous dividend-paying companies, choosing instead to retain more cash to fund an ambitious expansion strategy anchored on its majority acquisition of Kenya’s Safaricom and a push to become one of Africa’s biggest digital financial services providers.