The other day, it emerged that Airtel Africa had partnered with Standard Chartered bank to allow movement of cash to and from the lender to Airtel Money.
The collaboration had also sought the service of Airtel Money which has a customer base of more than 19 million people in the consentient.
It has also been announced that MoneyGram, a cross-border 2P2 payments and money transfers has struck a deal with Airtel Africa that serves 14 countries in the continent.
The development will see customers conveniently receive MoneyGram transfers into their Airtel Money wallets from any part of the world.
In addition, Airtel says that once a customer has received funds, they can be accessed immediately to pay bills or be transferred to the next person. The money can also be withdrawn as cash from an Airtel Money agent.
Roll-out is still subject to regulatory approval.
What they said
This partnership with Airtel will enable millions of consumers instant access to our global platform to receive money from over 200 countries & territories without having to even step outside. We’re excited about how this customer-centric partnership with Airtel will expand our mobile wallet capabilities, build upon our strong momentum in Africa, and further accelerate our digital growth across the globe.
John Gely, Head of MoneyGram Africa
We are delighted to work with MoneyGram to provide millions of customers with fast, secure, and convenient options to receive and send money as well as access their funds from a vast distribution of exclusive kiosks, agents, and branches at their convenience. This is a significant step forward in our ambition to transform lives through greater financial inclusion and empowerment across the continent. Maximizing access to global remittances is a key part of this – even more so given the disruption and economic hardship faced by many because of the COVID-19 pandemic.
Raghunath Mandava, CEO of Airtel Africa
