Airtel Africa’s mobile money processes nearly $200bn as it readies public listing
- Airtel Money's annualised transaction value has climbed above $193 billion, a 35.9% increase year-on-year.
- The customer base for Airtel Money grew by 20% year-on-year, reaching 49.8 million users across 14 countries.
- Airtel Money added over 308,000 agents and 56,000 activating outlets, with non-exclusive agents growing by 27%.
Airtel Money's impressive growth and strategic plans for an IPO indicate a strong competitive position in the African fintech sector. The company's focus on enhancing customer experience and expanding its digital footprint could lead to significant market disruption, especially against established players like M-Pesa. Further discussions could explore the implications of this growth on market dynamics and consumer behavior in the region.
