Airtel Money Drives Growth with $61.4 Billion in Q2 Transactions

Airtel Africa’s mobile money arm, Airtel Money, has reported processing a remarkable $61.4 billion in transactions during the second quarter ending June 30, 2026 – marking substantial year-on-year growth as it prepares for an anticipated initial public offering (IPO).

The transaction volume represents a 51.5% increase compared to exactly one year ago when $40.5 billion was processed. This surge demonstrates the continued adoption of digital payment solutions across Africa, driven by demand for fast and convenient transactions.

Key Financial Highlights

• Total revenue: $404 million (up 38.9% YoY)
• Wallet services revenue: $196 million
• Payment & transfer revenue: $172 million
• Financial service revenue: $21 million
• Customer base: 56.5 million (+23.3% YoY)
• Average revenue per user: $2.4 (up from $2.1)

Airtel Money’s success stems from strategic investments in expanding its distribution network, increasing adoption through targeted marketing campaigns, and capitalizing on the growing mobile money ecosystem across 14 African markets.

Regional Performance Breakdown

• Nigeria: Revenue surged 153.2% to $5 million with 3.4 million users (despite potential for greater market penetration)
• East Africa: Led with $297 million revenue from 41.7 million customers across Kenya, Malawi, Rwanda, Tanzania, Uganda, and Zambia
• Francophone Africa: Generated $102 million revenue with a customer base of 11.4 million (up from 8.1 million YoY)

The company invested $15 million in Airtel Money’s capital expenditures during the quarter to support infrastructure upgrades and expansion initiatives.

IPO Plans Remain on Track

Airtel Africa reaffirmed its intention to list Airtel Money through an IPO, now targeting a second-half 2026 launch with an estimated valuation of $10 billion. The company is prioritizing London as the listing venue to access a broader international investor base.

“We believe a London listing will provide access to a broad international investor base and support the long-term value creation potential of one of Africa’s leading fintech platforms,” Airtel Africa stated in its financial report.