Vodacom Airtime Advance makes up 45.2% of prepaid recharges

[Jan]

Almost half of Vodacom prepaid bundles bought on credit

Vodacom South Africa grew revenue to R58.5 billion in the 2022 financial year, supported by a strong surge in customers buying prepaid airtime on credit.

The company's latest annual results state the 3.8% service revenue growth over last year's results was thanks to continued demand for connectivity, incremental wholesale revenue and growth in new services.

 

[Jet-Fighter7700]

brilliant move from Vodacom, airtime on Credit,
almost operating like a bank,

 

[susefan]

prepaid postpaid

 

[supersunbird]

Wow, and I have not even used that feature once. My airtime lasts ages, last recharge was middle of last year.

 

[Corelli]

Telkom had it first ironically. However...

Who came up with the idea at Vodacom? It may cost them billions

 

[McGuywer]

I bet that guy wished he rather “invented” Airtime Advance than Please Call Me

 

[R13...]

Telkom had it first ironically. However...

Who came up with the idea at Vodacom? It may cost them billions

Seems to be making them instead. I do wonder what their creditors book on this looks like.

 

[Gudnews]

That's sobering.

 

[joker08]

brilliant move from Vodacom, airtime on Credit,
almost operating like a bank,

It's a very old concept actually, implemented by telecoms around the world.

 

[6spdmanual]

Good for their business I guess. Sucks having to use “credit” for a necessity in the modern age.

 

[airborne]

What interest do they charge on airtime advances?

I bought some by mistake and the fees or whatever it was cost 30% of what I bought but I’m not sure if their lending rate has a minimum charge or is sliding. Either way it’s credit and they will charge interest.

 

[joker08]

What interest do they charge on airtime advances?

I bought some by mistake and the fees or whatever it was cost 30% of what I bought but I’m not sure if their lending rate has a minimum charge or is sliding. Either way it’s credit and they will charge interest.

No interest, it's a r1 service fee.

 

[airborne]

No interest, it's a r1 service fee.

Are you sure about that, do you have a link to that info?

 

[supersunbird]

Are you sure about that, do you have a link to that info?

Airtime Advance | Vodacom

Low on cash but need to make a call? Get airtime and data now, pay later. With Vodacom airtime advance get airtime or data instantly and pay on your next recharge

www.vodacom.co.za

 

[MirageF1]

View attachment 1311466

Airtime Advance | Vodacom

Low on cash but need to make a call? Get airtime and data now, pay later. With Vodacom airtime advance get airtime or data instantly and pay on your next recharge

www.vodacom.co.za

At R10 a time, at least that's the max I get offered via the app. So it's 10% charge.

 

[airborne]

At R10 a time, at least that's the max I get offered via the app. So it's 10% charge.

I didn’t know it had a limit, so guaranteed minimum 10% interest and you pay it back with your next recharge so for the majority of users that’s really soon, the loan will typically be paid back in under a week or 2.

 

[joker08]

I didn’t know it had a limit, so guaranteed minimum 10% interest and you pay it back with your next recharge so for the majority of users that’s really soon, the loan will typically be paid back in under a week or 2.

You can get upto r100 depending on your profile.
The aa only activates if u recharge with r50 for 3 months.
Then slowly they increase ur limit when u pay them back regularly, somewhat similar to a credit card.

 

[joker08]

You can get upto r100 depending on your profile.
The aa only activates if u recharge with r50 for 3 months.
Then slowly they increase ur limit when u pay them back regularly, somewhat similar to a credit card.

I just found out that u can't brow more than r11 at a time. They give u r11 and charge r1 as service fee.
So if u want to borrow more (If u are elligible) they will give u another r11 and u will be charged r1 service fee again.
U cannot take r22 in one go