Vodacom announced today that its Super App, VodaPay, has added 800 000 new users in the quarter ended 31 December 2022.
The VodaPay super app is available for download from Apple and Android app stores.
VodaPay delivers a digital shopping, lifestyle and financial platform for consumers and businesses.
“In addition to delivering value to shareholders by ensuring the smooth integration of Vodafone Egypt into the Vodacom Group, we remain firmly focused on our purpose of connecting people for a better future and, in particular, assisting customers impacted by cost of living constraints,” said Shameel Joosub, Vodacom Group CEO.
“A prime example of delivering on this promise was through our recent innovative summer campaign whereby customers in South Africa, our largest market, benefited from Vodabucks rewards, which were convertible into cash and could be used for purchases on the VodaPay super-app.
“While producing even greater value to customers, this mechanism also showcases an evolution in the Vodacom ecosystem that resulted in a significant uplift in downloads of the VodaPay super-app, breaking through the 4.5 million mark, with 2.7 million registered users.”
In the quarter ended 30 June 2022, Vodacom reported that it had 1.9 million registered users with 2.8 million downloads.
VodaPay now has over 100 mini apps.
“We continue to expand our offerings as we drive deeper penetration of financial services and are on track to scale VodaPay cash-in/cash-out in the next financial year.,” said Joosub.
VodaPay is backed by Alipay technology that powers over 1.2 billion users and almost 100 million merchant partners, using state of the art technology including artificial intelligence (AI). This is the first partnership of its kind in Africa.
VodaPay is a powerful all-encompassing platform aimed at driving digital and financial inclusion in South Africa and the rest of the continent. It is a highly secure and transparent app that allows consumers to load money into their wallets and send it to anyone in real time or use it to make any purchase through the app, ranging from ecommerce to buying airtime, electricity, water, insurance and many other use cases.
With VodaPay, customers can also add their bank cards from any recognised South African bank and use it for shopping and paying. With money transfers, at no cost, in real time, customers living in rural areas will no longer have to travel long distance to get their money, they can access their money through their personal digital wallet already available on the app.
Also read: Vodacom Has Invested R2 Billion In Batteries To Deal With Eskom’s Load Shedding
Vodacom announced today that it has invested over R2 billion in batteries alone to enhance the resilience of our network so that we keep customers connected during
extended periods of loadshedding.
“At the same time, we continue to work closely with Eskom to find a renewable energy solution for the benefit of our planet and customers, having announced in September 2022
an in-principle agreement with South Africa’s energy utility to pilot a programme that would see Vodacom South Africa source its electricity from renewable independent power producers and contribute this into the national grid,” Shameel Joosub, Vodacom’s CEO informed investors on Monday.
Also read: Vodacom Completes Acquisition Of Vodafone Egypt
Vodacom today announces that its purchase of a 55% stake in Vodafone Egypt from Vodafone Group has cleared all outstanding regulatory and procedural hurdles, making this transformational deal unconditional and officially completed.
Vodacom expects to consolidate Vodafone Egypt into its financial statements over the remainder of the financial year.
In November last year, Vodacom announced an agreement to acquire 55% of Vodafone Egypt for an equity consideration of circa R48.1 billion ($2.738 billion), which has now been successfully settled through the issuance of 241 976 243 new Vodacom Group shares and a cash consideration of circa R10.8 billion.
As a result, Vodafone’s shareholding in Vodacom increases from 60.5% to 65.1%.
Shameel Joosub, Vodacom Group Chief Executive Officer, said: “This is an important milestone for Vodacom Group as it will cement our position as a leading pan-African Technology company in addition to diversifying and accelerating our growth profile. We are ideally positioned to partner with Vodafone Egypt to unlock the massive addressable market opportunity in Egypt, supporting and accelerating financial and digital inclusion.”
