Airtel Africa’s mobile money trust balances hit $1.49 billion

Airtel Africa's mobile money trust balances reached $1.49 billion by September 30, 2026, marking a 28.9% increase from $1.16 billion a year prior. This rise in the company's digital financial services business across African markets reflects a significant expansion in Airtel Money's customer base, which grew by 22.4% to 60.9 million users from 49.8 million in the previous year.

The trust balance grew by approximately $334 million over the past 12 months, reaching $95 million more than the $1.394 billion held at the end of March 2026. Airtel Africa's total revenue surged by 28.2% to $3.82 billion for the six months ending September 30, 2026, up from $2.98 billion a year earlier. Profit after tax increased by 20.5% to $452 million.

The company's mobile money operations processed a total transaction value of $275 billion annually, a 25.8% increase in constant currency, with payments and transfers revenue growing by 29.8% in constant currency, while financial services revenue grew by 56.9%, accounting for 5.4% of revenue compared to 4.3% a year earlier. The MyAirtel app, which integrates telecommunications and financial services, had 14 million monthly active users by September 2026, up from 8 million a year earlier.

Transaction value processed through the app increased by 75%, reaching $7.7 billion in the six-month period, with the number of transacting users growing by 87%. Monthly transaction value surpassed $1.4 billion in September alone. The company also expanded its distribution network, with over 2.5 million active mobile money agents, 48,000 exclusive retail touchpoints, and more than 587,000 active merchants.