BUSINESS MAVERICK: Super reach: Vodacom’s mighty mobile market in the making

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 84%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Imagine one platform that offers merchants access to 43-million customers... Vodacom is taking steps to make that happen.

As part of its effort to transition from a telco into a tech company, Vodacom has announced a partnership with Alipay, part of the Alibaba group and

Vodacom will not attempt to develop the entire ecosystem themselves – in the process becoming a competitor to banks and other merchants; instead, these super apps provide a platform for outside service providers and merchants. “Companies that invest in technology that enables them to understand their customer behaviour better and thereby offer personalised financial, business and lifestyle solutions to their customers are the ones excelling in this space.”

The service, dubbed VodaLend, is actually just an originating service for Lulalend, a five-year-old fintech company, which is more than happy to partner with Vodacom if it means access to Vodacom’s customer base.revenue model is not well articulated. However, Vodacom will earn a small transaction fee off payments and commission off the sale of financial products and other services, but the value, one presumes, lies in the customer data.

It has also branched into lending, offering short-term business loans of up to R1.5-million, with an application process that, it says, takes only minutes.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

BUSINESS MAVERICK OP-ED: Little tax room to manoeuvre as Covid-19 pandemic triggers bleaker contractionSouth Africa’s growth outlook for 2020/2021 was bleak even before the Covid-19 pandemic. Now, with the contraction triggered by the pandemic, there is expected to be, at least, a 7.2% contraction in the South African economy, with widespread losses of jobs and livelihoods, food insecurity and business insolvencies – and a shrinking tax base.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

BUSINESS MAVERICK: SARB’s MPC is likely to cut rates further this week as economy crumblesSARB’s MPC is likely to cut rates further this week as economy crumbles.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »