Airtel Africa has partnered Ecobank Transnational Incorporated (ETI), to improve access to mobile financial services for customers of both organizations.
The partnership, will afford Airtel Money customers, the opportunity to make online deposits and withdrawals, effect real-time domestic and international money transfers, make in-store merchant payments, and access loans and savings products through Ecobank’s digital financial services ecosystem.
It will also encourage bulk disbursements into Airtel Money accounts by corporate account holders of Ecobank.
Speaking about the initiative, CEO for Airtel Africa, Raghunath Mandava, said the partnership is a demonstration of Airtel Africa’s commitment to provide affordable, simple and innovative solutions for consumers across Africa.
“We will continue to offer locally relevant M-Commerce solutions with partners like Ecobank in order to enhance the daily lives of our customers,” Mandava added.
Ecobank Group CEO, Ade Ayeyemi, also commented that, financial inclusion can ultimately contribute to economic development, collaborating with major telecommunications providers in Africa is, therefore, a key strategic driver towards closing the gap between the banked and the underbanked.
According to him, the partnership with Airtel Africa makes Ecobank financial services available to any Airtel line registered on Airtel Money, in their markets where regulatory approvals are in place.
This he said, will provide convenience to customers, intra-country and particularly for cross-border transactions and remittances across Africa.