Vodacom’s lending book keeps growing rapidly, as the group works to position its recently launched superapp as the best e-commerce option for businesses to expand their online offering.

Airtime advance has become a big contributor to revenue from SA financial services for the Vodafone subsidiary. In the six months to September, the company advanced R6.3bn in airtime, putting it on track to surpass the R13bn lent in its most recent full year. The microloans translate to about half of total prepaid recharges...

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