Airtel Africa Mobile Money Float Reaches $1.49 Billion, Up 29%

Airtel Africa's mobile money trust balances have reached $1.49 billion, a 29 percent increase that provides concrete scale evidence for investors tracking pan-African fintech growth. The figure adds to Airtel Africa's half-year results reported earlier, in which the group posted $452 million in profit and $1.57 billion in data revenue.