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Airtel Africa, Standard Chartered Bank partner to drive financial inclusion



Airtel Africa, Standard Chartered Bank partner to drive financial inclusion

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa has announced a strategic partnership with Standard Chartered Bank to deepen financial inclusion across the continent.

As contained in a Wednesday corporate filling on the Nigerian Stock Exchange (NSE), 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, best-in-class solutions to enhance the daily lives of our customers,” Mandava added.

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