Social media makes $8.3bn for SA mobile operators

In an effort to increase financial inclusion in Africa, the company says it has launched a new cross-border payment solution, XLink Send.

The telco says M-PESA is now available in over 170 countries and serves over 70 million customers.

The aim of the project is to increase financial inclusion, streamline healthcare payments, and improve service delivery across the country.

The group met in Barcelona, Spain, to discuss the opportunities and challenges for closer collaboration with African governments to achieve digital inclusion.

There is no time to waste. We must act now to unlock the rewards of a digitally empowered and ready Africa.

According to GlobalData, African telcos are shifting their focus to underserved regions in response to Starlink competition.

The telco remains confident that the conflict in DRC will be resolved, and its immediate aim is to protect its people and extend help through the company's foundation.

The telco reported significant commercial momentum in Egypt, with a 40.7% growth in financial service subscribers to 10.5 million and a 25.6% increase in data traffic.

The initiative will extend network coverage and enable access to telecoms and mobile financial services to up to 19 million people in less densely populated rural communities.

Together with AWS, Microsoft, Skillsoft and other organisations Vodacom aims to bridge the digital skills gap across Africa and upskill young people.

The Egyptian operating arm of Vodacom shows positive growth and performance, as it further commits to the market.