Air­tel Africa, Stan­dard Char­tered Bank part­ner to drive fi­nan­cial in­clu­sion

Business a.m. - - TECHNOLOGY & INNOVATION -

AIR­TEL AFRI CA HAS AN NOUNCED a strate­gic part­ner­ship with Stan­dard Char­tered Bank to deepen fi­nan­cial in­clu­sion across the con­ti­nent.

As con­tained in a re­cent state­ment, Air­tel’s part­ner­ship with the lead­ing in­ter­na­tional bank­ing group is aimed at fo­cus­ing fi­nan­cial in­clu­sion so­lu­tion across key mar­kets in Africa by pro­vid­ing cus­tomers with in­creased ac­cess to mo­bile fi­nan­cial ser­vices.

Stan­dard Char­tered and Air­tel Africa will work to­gether to co-cre­ate new, in­no­va­tive prod­ucts aimed at en­hanc­ing the ac­ces­si­bil­ity of fi­nan­cial ser­vices and, ul­ti­mately, bet­ter serve peo­ple across Africa.

In line with this, Air­tel Money’s cus­tomers will be able to make real-time online de­posits and with­drawals from Stan­dard Char­tered bank ac­counts, re­ceive in­ter­na­tional money trans­fers di­rectly to their wal­lets, and ac­cess sav­ings prod­ucts amongst other ser­vices

“This part­ner­ship sup­ports Air­tel Africa’s ef­forts to ex­pand the range and depth of its Air­tel Money of­fer­ings across its 19 mil­lion cus­tomer base, with new prod­ucts and ser­vices help­ing to pro­mote the wider adop­tion of mo­bile money and in­creas­ing fi­nan­cial in­clu­sion,” the state­ment partly read.

Raghu­nath Man­dava, chief ex­ec­u­tive of­fi­cer, Air­tel Africa, said: “Our re­la­tion­ship with Stan­dard Char­tered boosts fi­nan­cial in­clu­sion across the con­ti­nent, giv­ing mil­lions of peo­ple ac­cess to valu­able bank­ing ser­vices.

“We con­tinue to in­vest heavily in cash­ing in and cash­ing out lo­ca­tions for our cus­tomers and in­crease our dis­tri­bu­tion.”

Ac­cord­ing to him, this means that Air­tel’s cus­tomers can now send or re­ceive dig­i­tal pay­ments via Stan­dard Char­tered Bank di­rectly to their mo­bile phones, as well as cash-out their funds at our ex­clu­sive kiosks and branches at their con­ve­nience.

“This high­lights Air­tel Africa’s com­mit­ment to pro­vid­ing af­ford­able, in­no­va­tive, bestin-class so­lu­tions to en­hance the daily lives of our cus­tomers,” Man­dava added.

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