NAIROBI, Kenya, Sept 24 – Airtel Money has announced plans to list its shares on the London Stock Exchange, in a move that will separate the digital financial services business from its parent company’s existing structure.

Airtel Mobile Commerce N.V., the Netherlands-incorporated company behind Airtel Money, said on Wednesday that it intends to undertake an initial public offering (IPO) and seek admission of its ordinary shares to the Main Market of the London Stock Exchange.

The proposed transaction will involve shares being sold by existing shareholders, with the company saying it will not raise new capital through the offer.

Airtel Money currently operates in 13 African markets and had approximately 53 million monthly active users as of June 30, 2026.

Its markets include Kenya, Uganda, Tanzania, Rwanda, Zambia and Malawi in East and Southern Africa, alongside several Francophone African markets.

“Today marks the start of a new chapter for Airtel Money as we announce our plans to list on the London Stock Exchange,” said Ian Ferrao, CEO of Airtel Money.

“A London listing will underpin our next wave of growth. The opportunity ahead of us is substantial and, importantly, there are many demographic and digital tailwinds within the markets that we serve,” he added.

Airtel Money said its total processed value reached $213 billion in the 12 months to June 2026, representing a 33 percent compound annual growth rate in US dollar terms since the year ended March 2018.

Revenue reached $1.346 billion in the financial year ended March 2026, while EBITDA increased at a 40 percent compound annual growth rate over the period from March 2018 to June 2026, according to the company.

The company said it recorded an EBITDA margin of about 50 percent and a pre-tax cash conversion ratio of more than 90 percent in each of the past three financial years.

It also reported that it has no external borrowings, while capital expenditure represented three percent of revenue in the year ended March 2026.

The proposed listing comes as mobile money platforms expand beyond basic transfers and cash-in/cash-out services into merchant payments, cross-border transactions, digital cards, savings, insurance and credit.

Airtel Money says it had more than 2.3 million agents and over 43,000 exclusive retail touchpoints as of June 2026.

Its enterprise payments platform serves more than 3,700 enterprises, including governments, corporates, NGOs and SMEs.

Airtel Africa currently indirectly owns 77.85 percent of Airtel Mobile Commerce N.V., with minority investors including Qatar Holding, TPG’s Rise Fund, Mastercard and Chimetech Holding.

The company said Airtel Africa is expected to remain a long-term strategic shareholder after the proposed IPO.

The planned transaction remains subject to regulatory and other conditions, including the publication of a final prospectus.

Airtel Money said investors should not subscribe for securities on the basis of the announcement, but only on the basis of a final prospectus if one is published.