NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Pavithra R

Standard Chartered Bank has announced that the bank has entered into a strategic collaboration with Airtel Africa to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services.

Through the collaboration, both Standard Chartered and Airtel Africa will work together to co-create new and innovative products aimed at enhancing the accessibility of financial services and, serve the people across Africa better. Besides, Airtel Money’s customers will be able to leverage Standard Chartered bank accounts to make real-time online deposits and withdrawals and receive international money transfers directly to their wallets and access savings products, amongst other services.

Photo courtesy of Institute for Money, Technology and Financial Inclusion.