Airtel Africa partners Standard Chartered Bank to boost mobile money services
Airtel Africa on Thursday said it has entered into a strategic partnership with Standard Chartered Bank, to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services.
The telecommunications and mobile money services firm said it will work with Standard Chartered to co-create new, innovative products aimed at enhancing the accessibility of financial services and, ultimately, better serve people across Africa.
In a regulatory filing with the Nigerian Stock Exchange (NSE), Airtel Africa, with a presence in 14 countries across Africa said the partnership supports Airtel Africa’s efforts to expand the range and depth of its Airtel Money offerings across its 19 million customer base.
“In line with this, Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts, receive international money transfers directly to their wallets, and access savings products amongst other services.
“This partnership supports Airtel Africa’s efforts to expand the range and depth of its Airtel Money offerings across its 19 million customer base, with new products and services helping to promote the wider adoption of mobile money and increasing financial inclusion,” the telecoms firm said.
Raghunath Mandava, CEO, Airtel Africa, said: “Our relationship with Standard Chartered boosts financial inclusion across the continent, giving millions of people access to valuable banking services.”
He said Airtel will continue to invest heavily in cashing in and cashing out locations for its customers and increase its distribution.
“This means that our customers can now send or receive digital payments via Standard Chartered Bank directly to their mobile phones, as well as cash-out their funds at our exclusive kiosks and branches at their convenience. “This highlights Airtel Africa’s commitment to providing affordable, innovative, best-in-class solutions to enhance the daily lives of our customers,” the CEO said.