Airtel Money generates 30m transactions worth $1b monthly in Africa

Wednesday, February 19, 2014

The Airtel Mobile Money also assists governments, businesses, institutions, NGOs, embassies and schools across the African continent. These achievements among others were brought to the fore by Bharti Airtel’s Director and Africa Head, Airtel Money, Mr. Chidi Okpala, who was one of the speakers at the 4th MobileMoney Expo held recently in Lagos.

In his presentation titled ‘Airtel Money – Leading Massive Scale Financial Inclusion in Africa,’ Mr. Okpala explained that although Airtel Mobile Money came into the Africa market about three and half years ago, it has evolved to become a significant player in Africa’s Mobile Money landscape; now well positioned to become Africa’s most preferred mobile financial services provider by 2015.

He said, “Leveraging a network of about 140,000 active agent locations, Airtel is currently creating entire cashless payments ecosystems, leading the charge for massive scale financial inclusion and reducing financial transaction costs across Africa.”

Source: Mobile-Financial (link opens in a new window)

digital payments, financial inclusion, microfinance, mobile finance