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Airtel expands mobile money service

02 October 2013, 07:52Henry Ifeanyi

Lagos - Telecommunications giant, Bharti Airtel, says it has extended its mobile money service to nine more African countries.

The company said in a statement that the extension of the mobile money services was is in partnership with Ecobank Transnational.

The countries that will now enjoy the services include Burkina Faso, Chad, Democratic Republic of Congo, Ghana, Niger, Zambia and Kenya.

The company said this service will also be rolled out in Gabon and Sierra Leone later this month.

The partnership enables Airtel customers to conduct a variety of mobile transactions.

The offering, which is subject to regulatory approval in each market, enables Airtel Money deposits and withdrawals at any Ecobank branch, utility bill payments and two-way money transfers between Airtel Money and Ecobank.

Customers will also be able to view their bank account balances and statements in real time via Airtel Money.

"Ecobank is committed to bringing financial services to all Africans including the unbanked and under banked through collaboration with major partner like Airtel,” said Patrick Akinwuntan, Ecobank's Group Executive Director, Domestic Bank.

According to him, an Ecobank account and an Airtel line registered on Airtel Money in markets where regulatory approvals were in place were required to enjoy the service.

- CAJ News


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