Airtel Money, the second-largest mobile money platform in Kenya after M-PESA has announced a collaboration with Flutterwave, an African payments platform that ‘lets you sell wherever your customers are — online, in‑person, anywhere in the world, and everywhere in-between.’ The partnership will see Airtel Money services expand across Eastern Africa.
According to a statement from Airtel, the partnership will empower businesses in Uganda, Tanzania, Zambia, Malawi, Kenya, and Rwanda, to receive payments from Airtel Money customers if they have integrated Flutterwave in their systems.
The integration will also allow businesses to make bulk payments into Airtel Money wallets.
The partnership will start as soon as the transaction is given a go-ahead by regulatory bodies.
At the moment, there are 19.2 million Airtel Money customers in East Africa alone.
Airtel Money is committed to bridging the digital divide and enhancing financial and digital inclusion for millions of businesses across sub-Saharan Africa. Our partnership with Flutterwave will help to empower even more customers through simple and accessible payments services, using the latest technologies, that support business innovation and boost local economies – Airtel Mobile Commerce BV CEO, Vimal Kumar Ambat.
Our business goal is to continue to support African businesses digitize their payments methods and introduce them to a world of opportunities that come with digitization. We are excited to have partnered with Airtel Money to further advance local businesses’ payment methods which will allow them to increasingly provide more services to their customers, grow their customer base and revenue – Flutterwave Founder and CEO, Olugbenga GB Agboola.
Covid-19 has triggered a widespread shift in the adoption of mobile money services, with the GSMA reporting a 12.7% increase in the number of registered global mobile money accounts in 2020 – Airtel.