Airtel Partners Standard Chartered Bank To Expand Fintech Business

Airtel Africa Plc is expanding its fintech business. Earlier on Thursday, the company announced that it had just entered into partnership with Standard Chartered Bank.

The aim of the partnership is to enable the telecoms operator to deepen its financial inclusion drive across its key markets.

A corporate disclosure that was signed by the Company Secretary, Simon O’Hara, as seen by Nairametrics, noted that the partnership will enable Airtel to provide increased access to mobile money services to customers.

“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,” the statement by the company said.

The statement further noted the partnership will enable Airtel to expand the range and debt if its fintech business arm –Airtel Money.

MTN Nigeria Launches Africa’s First e-Sim Technology Service

New products and services will also be launched at targeted primarily at Airtel’s 19 million customer base.

The ultimate aim however, according to the company is to encourage the adoption of mobile money whilst engendering the financial inclusion goal of the CBN.

Chief Executive Officer of Airtel Africa Plc, Raghunath Mandava, commented on the partnership with Standard Chartered Bank saying:

“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.

“This means that our 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.”

13 thoughts on “Airtel Partners Standard Chartered Bank To Expand Fintech Business

  1. Whoa! This blog looks exactly like my old one! It’s on a completely different topic but it
    has pretty much the same page layout and design. Great choice of colors!

    It’s perfect time to make some plans for the future
    and it’s time to be happy. I’ve read this post and if
    I could I want to suggest you few interesting things or tips.
    Maybe you can write next articles referring to this article.
    I desire to read more things about it! I have been browsing on-line greater
    than 3 hours as of late, yet I by no means found any attention-grabbing article
    like yours. It’s lovely value sufficient for me. In my opinion, if all website owners
    and bloggers made good content as you probably did, the net
    can be much more useful than ever before.

    Also visit my page Kiersten

  2. Pretty ѕection of ϲontent. I just stumbled upοn your
    blog аnd in accession capital tо claim
    that I acquire actually loved account yoᥙr weblog posts.
    Ꭺnyway I’ll ƅe subscribing on your augment ⲟr even I success
    ʏou get admission to persistently rapidly.

  3. Thanks for some other informative blog. Where else may I get
    that type of infoo written in sudh an ideal method? I’ve
    a mission that I’m simply now operating on, and I’ve been at the look out for such information.

Leave a Reply

Your email address will not be published. Required fields are marked *