Vodafone reported a 5.6% organic year-on-year rise in group revenues for the quarter ending June 30 to 11.1 billion euros. Service revenues climbed 3.3%, as European economies recovered from the disruption-caused by the pandemic.
Vodafone said that Vodacom, its African subsidiary, saw service revenue rise almost 8%. "In Africa, we are the leading provider of mobile data and mobile payment services," Vodafone said. "Our M-Pesa financial services platform grew strongly. During the quarter, the platform processed almost 4.5 billion transactions, an increase of 45% year-on-year. The VodaPay ‘super-app’ will be launched in South Africa, with over 70 merchants already joining the eco-system." Source: Vodafone statement