Vodafone is depending on its enterprise business to drive growth
BI India BureauDec 29, 2016, 02.37 PM
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The talks include way to facilitate payments to all volunteers directly via Vodafone's mobile wallet, Nick Gliddon, director for business services at
This move comes along as Vodafone is looking to beef up its enterprise services at a time when its retail mobile business is under intense competitive pressure after the entry of Reliance Jio Infocomm.
Vodafone has worked with the election commission during recent polls in certain placesand now is also tying up with
Vodafone Business Services contributed 16.4% of Vodafone India revenues in the first half of the current fiscal year. Its enterprise vertical is growing at twice the rate of the industry.
Experts said this vertical would be a key growth driver for the industry. "Mobility business is reshaping itself in the midst of slower customer additions, dipping data margins, challenges from OTT (over-the-top) players among others.
“Enterprise business is expected to be a significant growth contributor in the future,” Jaideep Ghosh, chief operating officer for management consulting at
Gliddon said the company has tied up with Bharat Financial Inclusion (erstwhile SKS Microfinance) and Muthoot
"The digital disbursement and collection through M-Pesa has enabled speedy micro-loan disbursement by MFIs (microfinance institutions) and weekly/monthly collection of micro-EMI payments by borrowers. Digitisation has also eliminated cash carrying and cashtransit risk for the MFIs. Vodafone launched its MFI pilot in June 2014,” he told ET.
Since then, it has expanded operations to eight states. Jaipur Rugs, the country's largest rug manufacturer, now pays artisans via MPesa mobile wallets. Vodafone also works with