Vodacom (JO: VODJ ) announced today that its Super App, VodaPay, has added 300 000 new users in the quarter ended 30 June 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.
“The rapid adoption rate of our VodaPay super-app in South Africa remains encouraging with 2.8 million downloads and 1.9 million registered users by quarter end,” said Shameel Joosub, Vodacom Group CEO.
“Given VodaPay is a precursor to M-Pesa’s evolution and further strengthens our fintech position across our footprint, we remain confident about the growth outlook of financial services.”
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 To Splurge R1 Billion To Expand Connectivity In KwaZulu-Natal
Vodacom KwaZulu-Natal will spend over R1 billion into the mobile network this year, to improve regional coverage reach, capacity and network resilience, and accelerate access to connectivity throughout the province, particularly in deep rural areas and townships.
“This significant investment into the region’s mobile network drives our goal of building an inclusive, digital society. By increasing access to reliable, quality connectivity, such as the deployment of more sites and network upgrades, as well as continuing to deliver an exceptional network experience to our customers, we can help to ensure the benefits of digitalisation are within the reach of all communities we serve,” says Imran Khan, Managing Executive for Vodacom KwaZulu-Natal.
Bridging the digital divide by expanding rural coverage
Vodacom 4G From this capital expenditure, R444 million will go towards radio access network-related projects, R135 million has been allocated for regional network capacity and upgrades, with R85 million to be spent on improving network resilience, optimisation and operations, and R17.5 million on core network infrastructure upgrades and projects. In addition, Vodacom plans to expand LTE capacity to 704 base station sites in KwaZulu-Natal in the current financial year.
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