Vodacom to launch fintech super-app in second half of the year

2021-05-18 11:20:00 PM

Teaming up with Alipay to create VodaPay, many big SA brands have already signed on

18 May 2021 - 17:41In yet another move signalling the evolution of telecoms business models, SA’s largest mobile operator, Vodacom, will launch its super-app in partnership with Jack Ma’s Alipay — which will be the main hub for its financial services and e-commerce offerings — in the second half of this year, as the Johannesburg group looks to increase its fintech revenues.

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As voice revenues fall and margins shrink in mobile data services, mobile operators have been on a mission to grow new lines of business. Like other mobile network operators in Africa, the likes of Vodacom and MTN have turned to financial services to drive growth...

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Mother reunited with baby after kidnapping

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