BUUMBA CHIMBULU writes
AIRTEL Africa has partnered with Ecobank Group to allow Airtel money customers improve their access to mobile financial services across the continent.
It will also allow Ecobank corporate account holders to make bulk disbursements, such as payroll payments, directly into Airtel Money customer wallets. This partnership, which is subject to regulatory approval in each market, will enable Airtel Money customers make online deposits and withdrawals, effect real time domestic and international money transfers, and access loans amongst others.
This will be done through Ecobank’s digital financial services ecosystem.
Airtel Africa Chief Executive Officer, Raghunath Mandava, said his company would continue to offer locally relevant M-Commerce solutions with partners such as Ecobank to enhance the daily lives of its customers.
“This partnership is a further demonstration of Airtel Africa’s commitment to provide affordable, simple and innovative solutions for our consumers across Africa,” Mr Mandava.
Ecobank Group Chief Executive Officer, Ade Ayeyemi, said the bank believed that financial inclusion could ultimately contribute to economic development, collaborating with major telecommunications providers in Africa.
Mr Ayeyemi said this was key strategic driver towards closing the gap between the banked and the underbanked.
“Hence this partnership with Airtel Africa which makes Ecobank financial services available to any Airtel line registered on Airtel Money, in our markets where regulatory approvals are in place,” Mr Ayeyemi said. “This potential extensive reach will further provide convenience to customers, intra-country and particularly for cross-border transactions and remittances across Africa,” he said.