Airtel Money and Ecobank in mobile money partnership

Wednesday, October 2, 2013

Bharti Airtel has announced a partnership with Ecobank to deliver Airtel Money to nine countries across Africa with Airtel operations.

The partnership will make it possible for Airtel customers in the countries with businesses with Ecobank to access secure, convenient and instant mobile financial services on the go.

Burkina Faso, Chad, Democratic Republic of Congo, Ghana, Niger, Zambia and Kenya are already using the services and Gabon and Sierra Leone are slated for later this month.

Additionally, Airtel customers can now conduct mobile transactions such deposit and withdraw from any Ecobank branch, pay utility bill payments and send money back and forth between Airtel Money and Ecobank.

“Ecobank is committed to bringing financial services to all Africans including the unbanked and under-banked through collaboration with major partner-telcos like Airtel. All that is required to enjoy this service is an Ecobank account and an Airtel line registered on Airtel Money in markets where regulatory approvals are in place,” said Patrick Akinwuntan, Ecobank’s group executive director, domestic bank.

Source: HumanIPO (link opens in a new window)

financial inclusion