Vodacom reported on Thursday said it added 227 000 new mobile money (M-Pesa) customers to in the quarter to end-December 2018, pushing its total users to 13.million.
The figures exclude Kenya’s mobile phone operator Safaricom, which was bought by Vodacom in 2017.
M-Pesa customers are based on the number of unique customers who have generated revenue related to M-Pesa during the last month.
The Vodafone owned firm added that mobile money services generated R851 million in revenues in the quarter, with growth accelerating to 30.3%, contributing 16.4% of service revenue, as it grows the M-Pesa ecosystem in all markets.
In Mozambique, Vodacom said it expanded interoperability to a third bank, the country’s biggest retail bank, widening and enhancing the M-Pesa ecosystem for all our customers.
The company said on average for the quarter, 237 million transactions were processed monthly through the M-Pesa system, growing at 24.2% year-on-year.
“Our merchant payment platform has also been very successful across our markets as we expand our ecosystem,” Vodacom said on Thursday.
“With an enhanced M-Pesa platform and high-speed 4G now available in all our International markets, we expect the solid performance in these operations to continue gaining momentum.”