Wednesday, Nov 20th 2019 10:47 PM
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Market Digest Nigeria

Business

Airtel partners Ecobank to improve mobile financial services on Airtel Money

Airtel Africa a leading telecommunications company with operations in 14 countries across Africa has partnered with Ecobank Transnational Incorporated (ETI), the parent company of Ecobank to improve mobile financial services to the users of Airtel Money and Ecobank customers to carry out a variety of mobile transactions.

The partnership will enable Airtel Money customers through Ecobank’s digital financial services ecosystem, make online deposits and withdrawals, effect real time domestic and international fund transfers, make in-store merchant payments, and access loans and savings products amongst others.

It will also allow Ecobank corporate account holders to make bulk disbursements, such as payroll payments, directly into Airtel Money  customer wallets. In addition, Ecobank will be able to sponsor Airtel Money to issue both virtual and physical debit and pre-paid cards to Airtel Money customers.

The CEO of Airtel Africa Raghunath Mandava said this partnership proves Aiterl Africa’s commitment to provide affordable, simple and innovative solutions for our consumers across Africa. While the CEO of Ecobank group Ade Adeyemi said financial inclusion can ultimately contribute to economic development, collaborating with major telecommunications providers in Africa is a key strategic driver towards closing the gap between the banked and the underbanked.

 

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