Airtel Africa PLC Airtel Africa: Partnership with Mastercard
08 Octubre 2019 - 05:16AM
RNS Non-Regulatory
TIDMAAF
Airtel Africa PLC
08 October 2019
Airtel Africa Announces Partnership with Mastercard to Transform
Digital Payments Landscape and Connect 100 Million Consumers in
Africa
-- Partnership will connect millions of Airtel Money customers to a global online market place, across multiple
digital payment use cases and provide access to Mastercard's global network of merchants
-- Airtel Money customers, even those without a bank account, can now make online payments globally with their
Airtel Money Mastercard virtual card
-- Mastercard's' enabling infrastructure and proposition(s) will enable a superior digital experience which Africa
consumers are aspiring to and by so doing ultimately drive greater adoption and usage for the Airtel Money
customers
NAIROBI (8/10/2019): Airtel Africa today announced a partnership
with Mastercard, giving over 100 million Airtel Africa mobile phone
users across 14 African countries access to Mastercard's global
network.
The Mastercard virtual (non-plastic) card allows Airtel Money
customers, even those without a bank account, to make payments to
local and global online merchants that accept Mastercard cards,
while ensuring that the customer's financial data is always secure
and private. In addition, Airtel Money customers will also be able
to make in-person payments at outlets via Quick Response (QR) codes
(whereby payments are made from an Airtel mobile phone by scanning
the QR code displayed at checkout or by entering a merchant
identifier, at any location worldwide that Mastercard QR is
accepted). To date, there are over 1 million merchant locations
across Africa that accept Mastercard QR payments.
Airtel Money customers will also benefit from competitive
pricing and preferential exchange rates for international payments,
and gain access to other domestically relevant use cases including
bill payments , merchants payments and value added services such as
cash management solutions.
Raghunath Mandava, the CEO of Airtel Africa said, "Airtel and
Mastercard have a shared passion for digital transformation and
making mobile financial services accessible to everyone across the
continent. Through our partnership we will enable over 100 million
Airtel Africa customers make safe mobile money purchases online and
in person. The partnership will also significantly bolster Airtel's
position as one of the the largest offline-to-online digital
payment network in Africa. We are really excited to embark on this
partnership with a globally trusted brand like Mastercard. This
partnership is truly revolutionary in our market, giving millions
of people better access to the digital and online world."
Amnah Ajmal, Executive Vice President for Market Development,
Mastercard Middle East and Africa, said, "Across the MEA region our
digital partnerships strategy remains focused on enabling digital
transformation for our partners so that their consumers can enjoy
seamless access to payments and a superior experience. We are very
excited to partner with Airtel to lead the transition to digital by
enabling access to their millions of consumers for online and
in-person payments across the globe. Mastercard is uniquely
positioned as a single technology provider to enable our digital
partners like Airtel to transition seamlessly into digital".
Mobile internet connections are expected to grow rapidly in
Africa due to low cost smartphones and high-speed GSM networks
being rolled out by Mobile Network Operators like Airtel. This
growth in internet connections is creating increased demand for
digital content, social media, m-commerce even online education and
a need to make online payments easily and securely by both banked
and unbanked consumers.
End.
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services both nationally and
internationally. The Group aims to continue providing a simple and
intuitive customer experience through streamlined customer
journeys.
Airtel Africa Communications Contact
E-mail address: Michael.Okwiri@africa.airtel.com
About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology
company in the global payments industry. Our global payments
processing network connects consumers, financial institutions,
merchants, governments and businesses in more than 210 countries
and territories. Mastercard products and solutions make everyday
commerce activities - such as shopping, traveling, running a
business and managing finances - easier, more secure and more
efficient for everyone. Follow us on Twitter @MastercardNews, join
the discussion on the Beyond the Transaction Blog and subscribe for
the latest news on the Engagement Bureau.
Mastercard Communications Contact
Toju Egbebi, +234 810 216 4488, toju.egbebi@Mastercard.com
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END
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October 08, 2019 06:16 ET (10:16 GMT)
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