Airtel Africa and Ecobank Transnational Incorporated have signed a partnership agreement with the objective of boosting mobile commerce. According to sources
the partnership will facilitate millions of Airtel Money and Ecobank customers across Africa to improve their access to mobile financial services and mobile transactions. By and large the deal will provide better convenience to customers, both within countries and for cross-border transactions and remittances across Africa.
The deal which is subject to regulatory approval in each market will enable Airtel Money customers, through Ecobank’s digital financial services ecosystem, to make online deposits and withdrawals. The benefits also include real-time domestic and international money transfers, access to loans and savings products, etc. The other benefits offered by the partnership include access by Ecobank corporate account holders to make bulk disbursements like payroll payments, directly into Airtel Money customer wallets. The deal also enables Ecobank to sponsor Airtel Money to issue both virtual and physical debit and prepaid cards to Airtel Money customers.
