Topex 2021: 160 per cent growth in mobile money platforms, says Prasad
14 November, 2021, 11:33 am
In the past eight to 10 months, the transactions on the mobile money platform were almost at $1 billion.
Vodafone Fiji chief operating officer Ronald Prasad said the digital landscape was one area which had really progressed in this period.
While speaking at the Top Executive Conference 2021, he said they had seen 160 per cent growth in mobile money platforms.
“Within a matter of a few months, we have an increased customer base from our 130,000 to 140,000 to over 500,000 active users that were now using mobile money solutions,” he said.
“You look at some of those numbers the QR pay is generating around $250 million worth of transactions in a year.”
Mr Prasad said in the past 12 months or so, Vodafone Fiji had seen around 135 per cent growth in data as well as online shopping. Smartphone penetration in Fiji was sitting at around 87 per cent according to Mr Prasad.
“So a lot of people talk about resilience when it comes to Fiji, resilience within the business sector.
“What has made us resilient, I think as a small nation, in many aspects, we punch above our weight and this is one area where we have progressed quite well.
“And if you look at 87 per cent of smartphone penetration and with internet penetration sitting at around 90 per cent to 92 per cent, almost everyone is connected.”
He added in Fiji there were around 625,000 people that were active on social media as around 520,000 of them were on Facebook, around 140,000 on Instagram, and 300,000 on TikTok which was said to be picking up quickly.
“Mobile phone penetration is indicated around 138 per cent with more SIMs in Fiji than the number of people.
“And the interesting thing that we have seen in the last 12 months or so is the video traffic on the network has increased to around 85 per cent of total traffic on the network.”