As Vodacom wades deeper into financial services, the telco reported its VodaPay super app has attracted 2.2 million downloads and 1.6 million registered users in the eight months since its launch. Vodacom reported the group’s financial performance for the year ended March, saying the super app, which provides services ranging from loans and savings, to person-to-person payments, has become indispensable for its fintech ambitions. Vodacom CEO Shameel Joosub says he is satisfied with the success of VodaPay so far and the telco will scale its super app, as it seeks deeper penetration of financial services. “Through our sustained investments in financial, digital and lifestyle services, we remain focused on providing opportunities to enhance our relationship with the 129.6 million customers we serve across our footprint.“ "I am particularly excited about VodaPay’s high adoption rate since its launch in South Africa in October last year.” he said. According to Joosub, VodaPay will be instrumental in Vodacom’s quest to connect the next 100 million African customers. Read the full ITWeb article through the link in the comments below. #fintech #fintechnews #loans #banking #bankingservices #payments #digitalpayments #paytech #onlinepayments #paymentservices #superapp #financialtechnology #financialservices
Link to full article: https://www.itweb.co.za/content/dgp45MaBLK5qX9l8