TechInAfrica – Airtel Africa has announced a new partnership with Ecobank Transnational Incorporated to improve its customers’ access to mobile financial services and make various types of mobile transactions. The partnership will enable Airtel Money Customers through Ecobank’s digital financial services to make online deposits and withdrawal, make in-store merchant payments, access loans and saving products, amongst others.
Furthermore, the partnership also enables corporate account holders of Ecobank to make bulk disbursements, including payroll payments, directly into Airtel Money customer wallets. In addition, Ecobank can sponsor Airtel Money to issue virtual and physical debit and pre-paid cards to Airtel Money customers.
Raghunath Mandava, CEO of Airtel Africa said, “This partnership is a further demonstration of Airtel Africa’s commitment to providing affordable, simple and innovative solutions for our consumers across Africa. We will continue to offer locally relevant M-Commerce solutions with partners like Ecobank to enhance the daily lives of our customers,”
Speaking on its part, Ecobank Group CEO, Ade Ayeyemi said, “We believe 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. Hence this partnership with Airtel Africa which makes Ecobank financial services available to any Airtel line registered on Airtel Money, in our markets where regulatory approvals are in place. This potential extensive reach will further provide convenience to customers, intra-country and particularly for cross-border transactions and remittances across Africa.”