TIDMAAF
RNS Number : 5750Q
Airtel Africa PLC
21 October 2019
Airtel Africa announces partnership with Ecobank Group to allow
Airtel Money customers to improve their access to mobile financial
services
London: 21 October 2019: Airtel Africa, a leading global
telecommunications services provider with operations in 14
countries across Africa, and Ecobank Transnational Incorporated
("ETI"), the parent company of Ecobank the leading pan-African
banking group operating in 33 countries, have signed a partnership
which will allows millions of Airtel Money and Ecobank customers
across Africa to improve their access to mobile financial services
and carry out a variety of mobile transactions
This partnership, which is subject to regulatory approval in
each market, will enable Airtel Money customers, through Ecobank's
digital financial services ecosystem, make online deposits and
withdrawals, effect real time domestic and international money
transfers, make in-store merchant payments, and access loans and
savings products amongst others.
The partnership will also allow Ecobank corporate account
holders to make bulk disbursements, such as payroll payments,
directly into Airtel Money customer wallets. Additionally, Ecobank
will be able to sponsor Airtel Money to issue both virtual and
physical debit and pre-paid cards to Airtel Money customers.
Raghunath Mandava, CEO for Airtel Africa, said: "This
partnership is a further demonstration of Airtel Africa's
commitment to provide affordable, simple and innovative solutions
for our consumers across Africa. We will continue to offer locally
relevant M-Commerce solutions with partners like Ecobank in order
to enhance the daily lives of our customers."
Ecobank Group CEO, Ade Ayeyemi, commented: "We believe that
financial inclusion can ultimately contribute to economic
development, collaborating with major telecommunications providers
in Africa is therefore a key strategic driver towards closing the
gap between the banked and the underbanked. Hence this partnership
with Airtel Africa which makes Ecobank financial services available
to any Airtel line registered on Airtel Money, in our markets where
regulatory approvals are in place. This potential extensive reach
will further provide convenience to customers, intra-country and
particularly for cross-border transactions and remittances across
Africa."
- ENDS -
Enquiries
Investor relations
Pier Falcione +44 20 7493 9315
Anna Kaim
Investor.relations@africa.airtel.com
Media relations
Kevin Soady, Kekst CNC +44 20 3755 1600
Katherine Fennell, Kekst CNC
Michael Okwiri
Michael.Okwiri@africa.airtel.com
Ecobank Group Communications
Christiane Bossom
cbossom@ecobank.com
Notes to Editors
About Airtel Africa
Airtel Africa (LSE: AAF; NSE: AIRTELAFRI) 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.
About Ecobank Group
Incorporated in Lomé, Togo in 1986, Ecobank Transnational
Incorporated ('ETI') is the parent company of the leading
independent pan-African banking group, Ecobank. It currently has
banking subsidiaries in 33 African countries, namely: Benin,
Burkina Faso, Burundi, Cameroon, Cape Verde, Central African
Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic),
Côte d'Ivoire, Equatorial Guinea, Gabon, Gambia, Ghana, Guinea,
Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger,
Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone,
South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. The Group
also has a banking license in Paris-France and representative
offices in Addis Ababa- Ethiopia, Johannesburg - South Africa,
Dubai - United Arab Emirates, London - UK and Beijing - China. The
Group is owned by more than 600,000 local and international
institutional and individual shareholders. The Group employs over
16,000 people in 40 different countries. It provides consumer,
commercial banking, corporate and investment banking, and
securities, wealth and asset management to about 20 million
customers, ranging from individuals, small and medium-sized
enterprises, regional and multinational corporations, financial
institutions, international organisations and governments via over
800 branches and offices, 2,000 ATMs, the internet (ecobank.com),
and mobile banking. ETI is listed on the Nigerian Stock Exchanges
in Lagos, the Ghana Stock Exchange in Accra, and the Bourse
Régionale des Valeurs Mobilières in Abidjan.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDBGBDGUUDBGCB
(END) Dow Jones Newswires
October 21, 2019 07:00 ET (11:00 GMT)
Airtel Africa (LSE:AAF)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Airtel Africa (LSE:AAF)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
