Use Ask Statista Research Service. Statista. Roaming and visitor revenue jumped dramatically, by 56% compared with the same period a year ago (which was prime lockdown time in many European countries), but is still only about half of pre-pandemic levels, so there is still some likely improvement still to come if international mobility continues to increase (thats a big if). facts. Most teams would have shut down the program, and moved on to the next thing. User interviews suggested the same. 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. Vodafone brought some cheer to the EMEA telecoms sector Friday with news of a 5.7% year-on-year increase in revenues to 11.1 billion in its fiscal first quarter that ended 30 June, aided by the return of roaming revenues as people started travelling again in greater numbers as the pandemic subsides. No action should be taken or omitted to be taken in reliance upon information on this webpage. This statistic is not included in your account. Then you can access your favorite statistics via the star in the header. In, Vodafone. Please create an employee account to be able to mark statistics as favorites. Corporate solution including all features. Discover the worlds international exchange, Low-Carbon Transition & Climate Reporting, What should you consider before investing, Conflict of interest policy & UK bribery act. The operator says it has launched 5G services in 243 cities in 10 markets. M-Pesas network effect locked users into the service, achieving further virality. 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. 
Without the mandate to find theunderlying truthin the user problem, M-Pesa (and modern mobile payments) might look quite different than they do today. Group service revenues grew by 3.1% to 9.39 billion, a hefty chunk of which came from the German market, where service revenues increased by 1.1% to 2.87 billion. Most teams would have shut down the program, and moved on to the next thing. mobile loop india mumbai pan soon based very telecomtalk formerly bpl gsm provider phone The United Nations had even declared2005 to be the Year of Microcredit. All rights reserved. The net decrease was largely in the pre-paid segment, with post-paid subscriptions remaining at around 2.5 million between end-December 2021 and end-March. The team had invalidated their initial hypothesis, but stumbled upon another, more pressing user problem. Vodafone. That the market is still in recovery mode was reflected in comments from CEO Read. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Today, M-Pesa provides financial services to millions of people who have access to a mobile phone, but not bank services. 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 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. But because the Vodafone team had amandate to explore the problem(the inaccessibility of financial services) rather thana directive to build a solution(a micropayments platform), a pivot was possible. Michael Joseph, Vodafone Director of MobileMoney. In 2017, M-Pesa generated$534M USDin revenues for Safaricom alone (the Kenyan telecom network that Vodafone has a controlling stake in). Source: Vodafone Group trading update, Q1 FY 2021/22. Three-month revenue amounted to UAH5.2 billion (USD174 million), 10% more than in the same period last year. Standard users can export data in a easy to use web interface or using an excel add-in. In Europe, the operating and retail environment has not yet returned to normal conditions, but we are delivering a good service revenue performance. The New Venture didnt just change payment paradigms. Theyre taking off). 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. This allowed them to test the market as they built, and course correct based on their learnings. TelecomTV is produced by the team at Decisive Media. 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.
API users can feed a custom application. 
- Ray Le Maistre, Editorial Director, TelecomTV. White label accounts can distribute our data. Instead, it was the ability to store and send money that people found most valuable. vodafone vod 
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. In Kenya, over25% of the gross national product flows through the system. Surprisingly, in their world,mobile phone airtime was seen as one of the easiest ways to store and transfer values between relatives and friends. Accessed July 21, 2022. https://www.statista.com/statistics/241603/vodafone-revenue-by-market/, Vodafone. To use individual functions (e.g., mark statistics as favourites, set In hindsight, we had inadvertently identified one of Kenyas biggest financial challenges. "Vodafone's Revenue by Market/Country Worldwide between 2015 and 2021** (in Million Euros). Like many other successful New Ventures, M-Pesas origins bear little resemblance to the final product. and over 1Mio. The operator saw an uptick in revenues across the board, from consumer and business customers and across its European and African markets, with Italy the exception (revenues there dipped 3.6% as Iliad continues to fuel price-based competition). Nick Hughes, then Vodafones Head of Global Payments, approached the DFID team. Vodafones share price edged up by more than 2.6% at 119 pence on the London Stock Exchange following the reports publication. Its not part of Vodafones core business. According to Bloomberg, Vodafone Group CEO Nick Read hinted during a briefing with reporters this morning that M-Pesa could be spun out in the future. Why and how does a telecom company like Vodafone start a banking project like this? It wasnt microfinance services that people were most interested in. We have a plan for your needs. Chart. As a Premium user you get access to background information and details about the release of this statistic. May 28, 2021. They could have made an attempt to go it alone. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. NickHughes. You need a Single Account for unlimited access. In Africa, where the operators stake in Vodacom accounts for the bulk of its business, its M-Pesa mobile money service continues to grow in popularity, adding 6.9 million new users in the past year to reach a total of 49.7 million (including Safaricom in Kenya). What shapes a successful new venture? For Bonds - Issue date is for indicative purposes only. Learn more about how Statista can support your business. 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. 
* Africa, Middle East and Asia Pacific
Advanced users can use our Python/R/Matlab packages. This website uses cookies. Highlights of our content from across TelecomTV today. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Vodafone's revenue by market/country worldwide between 2015 and 2021** (in million euros) [Graph]. But M-Pesa was a risky venture and, despite their clear competitive advantages, Vodafone was still in uncharted territory. What can we learn from this astronomical growth? Copyright 2022 TeleGeography All Rights Reserved. We became the first operator in Europe to launch Mobile Edge Computing (MEC) with Amazon Web Services Wavelength and launched Cybersecurity-as-a-Service (CaaS) in Germany, the operator noted in its trading report. What if a firm could use somebody elses capital to overcome the internal competition? (May 28, 2021). Display price followed by previous trading day date. At the end of the first year M-Pesa had 1.2 million customers. 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. Vodafone decided to create a microloan service that would allow Kenyans to receive and repay funds using the Safaricom mobile network. Without amandate to find the underlying problem, M-Pesa (and modern mobile payments) might look quite different than they do today. MP
"Vodafone's revenue by market/country worldwide between 2015 and 2021** (in million euros)." The original business plan called for 350,000 customers within the first year. The ideal entry-level account for individual users. 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. Since its launch, M-Pesa has grown astronomically. 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. Vodafone Group ended June with 272.4 million mobile customers (not including VodafoneZiggo in the Netherlands and Safaricom in Kenya), of which 108.2 million are in Europe, 88.6 million in Vodacoms markets across Africa, 24 million in Turkey, 42.2 million in Egypt and 9.4 million in Ghana (see chart above). Additionally, Vodafone Ukraine reported that 1.6 million of its users registered as active were situated abroad as of end-Q1. 2022 London Stock Exchange. Are you interested in testing our corporate solutions? In order to help subscribers keep in touch with relatives in Ukraine, Vodafone is providing an affordable roaming service, now available in 27 European countries, whilst to support internal refugees it provides certain free services, which have been used by more than 13 million people. By keeping the initial product simple, M-Pesa was able tolaunch quicklyandsolve for the most urgent need. Get full access to all features within our Corporate Solutions. In Afghanistan, some government services process their payroll through M-Pesa (and are eliminating corruption as a result). The Trading Economics Application Programming Interface (API) provides direct access to our data. If you are an admin, please authenticate by logging in again. Register in seconds and access exclusive features. This accounts for 26% of overall revenues, and has allowed them tosurge past competitors. In hindsight, we had inadvertently identified one of Kenyas biggest financial challenges.. 
vodacom onward upward talk tech upgraded telecoms Private sector organizations such as Vodafone arelegally bound touse their shareholders capital to achieve the best returns. M-Pesa is actually a co-creation of the UK Department for International Development (DFID) and Vodafone, the mobile communications company. (Maybe youve seenthe news? 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. We accept no liability for the result of any action taken on the basis of the Information or for any loss from use of this webpage. ", 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. While today M-Pesa offers a full suite of financial services, from payments to loans to insurance, the platforms beginnings were much simpler. smss 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. M-Pesa launched with 2M in seed investment a 1m grant from DFID, and 1m in investment from Vodafone. All brands and products are the trademarks of their respective holder(s). 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. London Stock Exchange, the London Stock Exchange coat of arm device are trademarks of London Stock Exchange plc. When the traded price is any other currency then the Trade Value is displayed in that currency. Access to this and all other statistics on 80,000 topics from, Show sources information The restated revenue numbers of 2015 and 2016 were adjusted to this change. When the team realized that p2p payments were the most pressing user problem, they scrapped their microfinance plan and doubled down on that functionality. In 2005, all signs pointed to microfinance as the next big thing. 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. 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. The next version of the productallowed users to do only one thing: transfer money from one user to another. No responsibility is accepted by or on behalf of the LSE for any errors, omissions, or inaccurate Information on this webpage. LSE does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of the webpage or any of the Information on it. 
This website contains text, data, graphics, photographs, artworks, names, logos, trademarks and information ("Information"). During the quarter the M-Pesa platform processed 4.5 billion transactions compared with 3.1 billion in the same period a year ago. For exact dates please refer to bond documentation directly. statistic alerts) please log in with your personal account. You need at least a Single Account to use this feature. 1640694M. Byleveraging external capital for co-creation, Vodafone de-risked their investment reduced internal competition for the same funding, and gained a partner who was later instrumental in facilitating regulatory changes and partnerships that have allowed M-Pesa to continue to grow. A paid subscription is required for full access. 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.. These will be displayed at the point of publication, but show the date/time of execution as with other trades. The majority of people who use the worlds most successful mobile money service dont even have a bank account. 6469.95M, Y
To get executive buy-in for a non-core project like M-Pesa, the early team had to get creative. Some trades qualify for deferred publication due to the type or size of the transaction. 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. ethylene worldwide producers largest production number statista statistic M-Pesa launched witha Minimum Viable Product(a version of the product with just enough features to satisfy early customers, and to provide feedback for future product development). Decisive Media Limited 2022. Show publisher information For more information about the cookies we use, see our Privacy Policy. Information on this webpage may or may not have been prepared by LSE but is made available without responsibility on the part of LSE. **Starting from April 1st, 2016, Vodafone's presentation currency changed from GBP to EUR. 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. OIBDA increased by 15% and exceeded UAH2.9 billion, with net profit of UAH515 million. Profit from the additional features of your individual account. 217391.63M, M$
concerns operators telecom Since the outbreak of war in late-February, Vodafone Ukraine a subsidiary of NEQSOL Holding says it has quickly reconnected damaged network segments, maintaining a high level of network stability, with more than 90% of its sites currently in operation. All rights reserved. Creating a whole new market also had a massive impact on the Vodafone business as a whole. 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. M-Pesa, the financial service of choice for 30 million people in 11 countries, was surprisinglynota project of the financial services industry. In that time, users sent493 P2P payments something the platform hadnt even beendesignedfor. It also has 18.5 million TV customers across Europe, of which 13.4 million are in Germany. Please do not hesitate to contact me. Early M-Pesa commercial with the theme Send Money Home. Currently, you are using a shared account. companies most rediff reputable canon Direct access to our data from your apps using any programing language. You only have access to basic statistics. Consumers living in rural areas of Kenya had little access to banking infrastructure, but still needed a way tosend money to friends and family. Download historical data for 20 million indicators using your browser. 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. 
As a Premium user you get access to the detailed source references and background information about this statistic. We continued to see strong demand from SMEs and the public sector, with improvements also driven by the automotive sector and large multinationals. You can only download this statistic as a Premium user. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. M-Pesalaunched 10years ago, and redefined financial services by creating an entirely new market category:mobile payments. For instruments denominated in GBX, the Trade Value is in GBP when the traded currency is GBX or GBP. Directly accessible data for 170 industries from 50 countries 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. But many organizations use internal competition to allocate funds to their projects, and this competition is based on potential returns on investment. 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.
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