Equity Bank and Airtel Kenya (http://www.airtel.com) have today entered into a partnership that will offer comprehensive mobile commerce solutions to their customers in Kenya, through Airtel Money.
service, available to all Equity Bank customers with Airtel lines, will
enable customers from both Airtel and Equity Bank to access Airtel
mobile banking platforms, perform agency cash transactions at Equity
Bank branches and also enable Airtel services customers to withdraw
money at any Equity Bank countrywide.
Money will also enable customers to pay their utility bills, receive
bank transaction alerts, check account balance and receive mini
statements, among other services.
at the launch, Equity Bank Group CEO Dr. James Mwangi said: “We are
pleased to enter into this agreement with Airtel, which will further
strengthen our commitment to extending financial inclusion across East
Africa by enabling the unbanked and under-banked to enjoy the benefits
of mobile payments, while also giving us the opportunity to better serve
shall continue to strengthen our business model through innovation,
enhanced use of technology, automation for a better customer experience
and collaborations with industry stakeholders such as Airtel,” said Dr.
partnership with Equity Bank marks yet another milestone in deepening
the accessibility of Airtel Money to our customers throughout Kenya. The
203 Equity branches and 600 Equity Bank ATMs, will complement our
10,000 Airtel Money agents spread across Kenya thus making it easier
and more convenient for customers to have guaranteed access to Airtel
Money deposit and withdrawal of cash,” said Mr. Jayant Khosla CEO Airtel
emphasizing that Airtel believed in the delivery of innovative and
relevant mobile commerce solutions that make life easier for its
customers, Mr. Khosla also added that they will continue to educate
their customers on the benefits of using Airtel Money mobile commerce
solutions including the product’s convenience and ease of use.
Bank and Airtel Money have a shared commitment in ensuring financial
inclusion from many in Kenya and beyond. I’m certain that this
relationship will in the days to come empower more people in the larger
East Africa region where Equity Bank is operating,” said Mr. Khosla.
Money is fast becoming the preferred way of sending and receiving money
across the Kenya and the region with customers widely using to pay
utility bills such as electricity, water and pay-television
subscriptions. The process is fully automated and reflects in real time
providing customers with a faster and more secure mode of carrying out
ventured into the local mobile commerce business two years ago and now
has a vast dealer network of more than 10,000 agents which include
banks, bank agents, supermarket chains and Posta outlets.
partnership with Equity Bank will also help drive mobile money adoption
in sub-Saharan Africa where Airtel Money has expanded to 16 operating
countries and demand for provision of convenient financial transaction
processing services for governments, corporations and institutions
across is rising.
Distributed by the African Press Organization on behalf of Bharti Airtel Limited.