Airtel Partners With Western Union To Boost Money Transfer
Airtel Africa Plc on Wednesday said it has signed a strategic partnership with Western Union to boost international money transfer channels.
The telecoms firm in a regulatory filing with the Nigerian Stock Exchange (NSE) said the partnership will enable Airtel Money customers to reliably send and receive international money transfers directly from their phones using its mobile wallet.
“This paves the way for Airtel Africa to further cater for the needs of local and global community members to move money and enable international cross-border payments,” the telecoms form said in the communication to the local bourse, where it was listed.
It said the partnership will also help the telecoms company to take an active part in the international money transfer business that happens to and from its operating countries.
“We are very excited to partner with Western Union to enable Airtel Money customers to access a world leading money transfer organisation,” the chief executive of Airtel Raghunath Madava was quoted as saying the in the filing.
He said international remittances into Africa are a lifeline to some of its customers, noting that the partnership gave them the convenience of directly receiving and sending remittances from their mobile money wallets.
“They will now be automatically credited and debited via their Airtel mobile money wallets on their phone and can immediately access the funds to pay bills or merchants and transfer funds to family and friends or convert to cash from the widespread Airtel money agents, kiosks and branches,” Madava said.
Airtel with presence in 14 African countries partnership with Western Union, a global leader will increase the speed international money transfer business is carried out.