In a bid to boost penetration of its mobile money transfer service, Airtel has entered into a partnership with Ecobank to deliver Airtel Money across 9 African countries where the 2 companies have operations.
The partnership between Airtel and Ecobank is already effective in seven African countries, namely Burkina Faso, Chad, Democratic Republic of Congo, Ghana, Niger, Zambia and Kenya. Airtel Money will also be rolled out in Gabon and Sierra Leone later this month.
The partnership enables Airtel customers to conduct a variety of mobile transactions. This offering – which is subject to regulatory approval in each market – enables Airtel Money deposits and withdrawals at any Ecobank branch, utility bill payments and two-way money transfers between Airtel Money and Ecobank. Customers will also be able to view their bank account balances and statements in real time via Airtel Money.
Apart from Ecobank, Airtel Money currently has partnerships with TOTAL as well as the government of DRC for civil servants’ salary disbursement.