The team had invalidated their initial hypothesis, but stumbled upon another, more pressing user problem. Vodafone's revenue by market/country worldwide between 2015 and 2021** (in million euros) [Graph]. In Italy it has struck a partnership with wholesale broadband network operator Open Fiber, via which it can now offer broadband services to 8.4 million homes, and operates a fixed wireless broadband network that reaches 4.5 million homes and businesses in the country. MP
Following Russias invasion of Ukraine, the war has caused mass migration of Ukrainians abroad, with Vodafone Ukraines subscription base decreasing by half a million quarter-on-quarter to 18.4 million at 31 March 2022. It was not developed in a core market (Kenya is a relatively small market in Vodafones terms) and it has little to do with the voice or data products that drive Vodafones revenue streams. NickHughes. Direct access to our data from your apps using any programing language. Please do not hesitate to contact me.
Currently, you are using a shared account. M-Pesas network effect locked users into the service, achieving further virality. Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox including our daily news briefing and weekly wrap. They could have made an attempt to go it alone. Vodafone had a few core assets to leverage for this project: their cellular network, their technical expertise and assets, and their 1000s of agents on the ground.
It wasnt microfinance services that people were most interested in. No action should be taken or omitted to be taken in reliance upon information on this webpage. These will be displayed at the point of publication, but show the date/time of execution as with other trades. They launched the product with a marketing call to action that focused on this single, simple need: Beingfirst to marketwith a solution and/or focusing on themost pressing user problemallows New Ventures like M-Pesa to learn and to grow quickly. In hindsight, we had inadvertently identified one of Kenyas biggest financial challenges. M-Pesa, the financial service of choice for 30 million people in 11 countries, was surprisinglynota project of the financial services industry. For Bonds - Issue date is for indicative purposes only. Today, 30 million people in 11 countries use M-Pesa to deposit and withdraw money; to transfer money to others; to pay bills or purchase goods and services; to open interest-bearing accounts; to access loans; and to purchase insurance. facts. "Vodafone's revenue by market/country worldwide between 2015 and 2021** (in million euros)." Leading telecommunication operators worldwide based on revenue 2020, Number of Vodafone mobile customers worldwide 2013-2021, by country, Forecast of smartphone user numbers in the United Kingdom (UK) 2018-2025. The restated revenue numbers of 2015 and 2016 were adjusted to this change. What if a firm could use somebody elses capital to overcome the internal competition? Use Ask Statista Research Service. But many organizations use internal competition to allocate funds to their projects, and this competition is based on potential returns on investment. To get executive buy-in for a non-core project like M-Pesa, the early team had to get creative. Access to this and all other statistics on 80,000 topics from, Show sources information 
In, Vodafone. If you are an admin, please authenticate by logging in again. M-Pesa launched with 2M in seed investment a 1m grant from DFID, and 1m in investment from Vodafone. 
Creating a whole new market also had a massive impact on the Vodafone business as a whole. Vodafone Ukraine reported its Q1 2022 results, with costs associated with the war emergency work on the network, support for the country and customers, mass migration of customers significantly affecting the dynamics of key financial indicators, but still achieving revenue and operating income growth due to performance in the first two months of the quarter. Whats up with The FCC, Ooredoo, US Chips Act, Ericsson pins its hopes on long-term 5G momentum and an enterprise boom, Inseego Offers the Industry's First 5G Cloud WAN Solution to Enterprises, Telia Company Interim Report January-June 2022, DSP Leaders World Forum 2022 Interview: Luis Fiallo, China Telecom Americas, Hardware innovation for Open RAN deployments, DSP Leaders World Forum 2022 Interview: Yogesh Malik, Tele2, DSP Leaders World Forum 2022 Interview: Mark Chong, Singtel. Without the mandate to find theunderlying truthin the user problem, M-Pesa (and modern mobile payments) might look quite different than they do today. OIBDA increased by 15% and exceeded UAH2.9 billion, with net profit of UAH515 million. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. The ideal entry-level account for individual users. Vodafone Business, which accounts for more than a quarter of Group service revenues, reported a 3.2% increase in service revenues to 2.54 billion. During the quarter the M-Pesa platform processed 4.5 billion transactions compared with 3.1 billion in the same period a year ago. Without amandate to find the underlying problem, M-Pesa (and modern mobile payments) might look quite different than they do today. And while IoT is still not quite living up to the hype of a few years ago, Vodafone (one of the most committed operators in this area) continues to expand this part of its business as IoT SIM connections hit 129.8 million, up by 21% from 107.3 million a year earlier. In hindsight, we had inadvertently identified one of Kenyas biggest financial challenges.. Display price followed by previous trading day date. Directly accessible data for 170 industries from 50 countries A paid subscription is required for full access. M-Pesalaunched 10years ago, and redefined financial services by creating an entirely new market category:mobile payments. As it happened, at the time the UK Department for International Development (DFID) was looking to provide grants to companies who were developing services to help the unbanked.
May 28, 2021. The original business plan called for 350,000 customers within the first year. Additionally, Vodafone Ukraine reported that 1.6 million of its users registered as active were situated abroad as of end-Q1. Then you can access your favorite statistics via the star in the header.
All rights reserved. As soon as this statistic is updated, you will immediately be notified via e-mail. And its worth remembering too that Vodafone is not just a mobile service provider: It has an extensive fixed broadband access network across Europe (passing 142 million premises) and 22.3 million broadband customers across the region, almost 11 million of which are in Germany. But M-Pesa was a risky venture and, despite their clear competitive advantages, Vodafone was still in uncharted territory. Smartphone market share worldwide by vendor 2009-2022, Apple iPhone unit sales worldwide 2007-2018, by quarter, Global market share held by smartphone operating systems 2009-2018, by quarter, Virtual reality (VR) - statistics & facts, Profit from additional features with an Employee Account. You need a Single Account for unlimited access. TelecomTV is produced by the team at Decisive Media. Michael Joseph, Vodafone Director of MobileMoney.
In our Business segment, we are seeing stronger growth with our public sector and corporate customers, whilst further building a pipeline of demand for our digital services, such as IoT, security and cloud.. Vodafones share price edged up by more than 2.6% at 119 pence on the London Stock Exchange following the reports publication. Get full access to all features within our Corporate Solutions. No responsibility is accepted by or on behalf of the LSE for any errors, omissions, or inaccurate Information on this webpage. You can only download this statistic as a Premium user. But because the team had amandate to explore the problem(the inaccessibility of financial services) rather thana directive to build a solution(a microloans platform), a pivot was possible.
Are you interested in testing our corporate solutions? API users can feed a custom application. 
In Afghanistan, some government services process their payroll through M-Pesa (and are eliminating corruption as a result). For instruments denominated in GBX, the Trade Value is in GBP when the traded currency is GBX or GBP.
and over 1Mio. Three-month revenue amounted to UAH5.2 billion (USD174 million), 10% more than in the same period last year. In 2017, M-Pesa generated$534M USDin revenues for Safaricom alone (the Kenyan telecom network that Vodafone has a controlling stake in). New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. For more information about the cookies we use, see our Privacy Policy. Like many other successful New Ventures, M-Pesas origins bear little resemblance to the final product. You need at least a Single Account to use this feature. - Ray Le Maistre, Editorial Director, TelecomTV. NickHughes.
Private sector organizations such as Vodafone arelegally bound touse their shareholders capital to achieve the best returns. The majority of people who use the worlds most successful mobile money service dont even have a bank account. While today M-Pesa offers a full suite of financial services, from payments to loans to insurance, the platforms beginnings were much simpler. 217391.63M, M$
(Maybe youve seenthe news? Its not part of Vodafones core business.
**Starting from April 1st, 2016, Vodafone's presentation currency changed from GBP to EUR. This statistic is not included in your account. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. This accounts for 26% of overall revenues, and has allowed them tosurge past competitors.
some of which is connected with London Stock Exchange plc("LSE")(the "LSE Information") and some of which is connected with (and has been made available on LSE's platform by the company that this particular webpage is dedicated to (the "company Information"), LSE attempts to ensure the LSE information is accurate, but has not and does not in any way review the Company Information and both sets of information are provided for information purpose only and are provided "AS IS" and on an "AS AVAILABLE" basis and may not be accurate or up to date. Nick Hughes, then Vodafones Head of Global Payments, approached the DFID team. M-Pesa is actually a co-creation of the UK Department for International Development (DFID) and Vodafone, the mobile communications company. ", Vodafone, Vodafone's revenue by market/country worldwide between 2015 and 2021** (in million euros) Statista, https://www.statista.com/statistics/241603/vodafone-revenue-by-market/ (last visited July 21, 2022), Vodafone's revenue by market/country worldwide between 2015 and 2021**, Available to download in PNG, PDF, XLS format, Market share of network providers in mobile connections in Germany 1998-2021, Market share of postpaid mobile telephony lines in Spain 2020, by provider, Market share of mobile network providers in Italy 2020, Telecom services: global spending forecast 2008-2023, Vodafone's quarterly revenue from Q1 17/18 to Q3 21/22, Revenue of Vodafone Group by market/country 2015-2021, Vodafone's mobile service revenue from Q1 17/18 to Q3 21/22, Mobile/fixed market share of Vodafone in its main markets 2020, Mobile customer churn rate of Vodafone in European countries Q1 2021/22, Vodafone: mobile termination rates in the UK 2014-2021, Leading telecom infrastructure companies by brand value 2022, Forecast spending global telecom services 2018-2024, Number of Vodafone employees in Italy 2015-2021, Vodafone: number of employees in Europe 2014-2021, Vodafone: mobile terminations rates in Germany 2014-2021, Vodafone: number of employees in the UK 2014-2021, Vodafone: number of employees in Spain 2014-2021, Vodafone: mobile termination rates in Hungary 2014-2021, Mobile terminations rates of Vodafone in Italy 2014-2019, Vodafone: mobile termination rates in Greece 2014-2021, Vodafone: mobile termination rates in the Czech Republic 2014-2021, Vodafone: mobile termination rates in Romania 2014-2021, Vodafone: mobile termination rates in Portugal 2014-2021, Vodafone prepaid churn rate in Italy Q1 2014/15-Q4 2020/22, Revenue share of Vodafone in India 2017-2018, Vodafone's revenue by market/country worldwide between 2015 and 2021** (in million euros), Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. This website uses cookies.
Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook
But when a team conducted a 6 week trial with 316 users, these users surprised them by using the application for a completely different reason: sending money to friends and family. Chart. The United Nations had even declared2005 to be the Year of Microcredit.
Profit from the additional features of your individual account. Learn more about how Statista can support your business. Corporate solution including all features. Instead, it was the ability to store and send money that people found most valuable. Decisive Media Limited 2022.
25% of the gross national product flows through the system, and are eliminating corruption as a result, used the platform to send his wife her own microloan when a thief stole her bus fare.
The next version of the productallowed users to do only one thing: transfer money from one user to another.
M-Pesa was so ahead of the curve that in 2014, when Apple Pay first launched, M-Pesa was already seeing annual transaction volumes of over $10 billion USD.
