Africa’s leading payments fintech Flutterwave has announced a partnership with Airtel Money. This dedicated mobile payment platform looks to expand Airtel Money services to businesses across East Africa. This will allow businesses to integrate Flutterwave across Uganda, Zambia, Malawi, Tanzania, Rwanda, and Kenya so as to facilitate payments from Airtel Money customers, and those who make bulk payments to Airtel Money wallets thanks to Airtel Money’s proprietary fintech platform.
Airtel currently has over 19.2 million East African customers. Global GSMA recorded a 12.7% increase in the number of registered global mobile money accounts – largely fueled by the pandemic.
The new trend is driven by changing consumer behavior, increased e-commerce, and the increased business need to adopt mobile money payments. Larger businesses find it cheaper, faster, and convenient to offer bulk payments directly to their employees or user mobile money wallets.
Olugbenga GB Agboola, Flutterwave CEO commented on the new development by highlighting their business goal to “ support African businesses digitise their payments methods.”
Vimal Kumar Ambat, Airtel Mobile Commerce BV pointed out Airtel’s commitment towards “bridging the digital divide.”