AAF Airtel Africa Plc

TIDMAAF

RNS Number : 5585A

Airtel Africa PLC

22 January 2020

Airtel Africa plc

Airtel Money and Western Union partner to facilitate mobile remittance service

London and Lagos, 22 January 2020: Airtel Africa plc ("Airtel Africa" or "Group"), a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has signed a strategic partnership with Western Union, a global leader in cross-border, cross-currency money movement and payments.

Through this partnership, Airtel Money customers will be able to reliably send and receive international money transfers directly from their phones, using the Airtel Africa mobile money wallet. This paves the way for Airtel Africa to further cater for the needs of local and global community members to move money and enable international cross-border payments.

This partnership helps Airtel Africa to take an active part in the international money transfer business that happens to and from its operating countries.

Commenting on the partnership, Raghunath Mandava, CEO of Airtel Africa, said: "We are very excited to partner with Western Union to enable Airtel Money customers to access a world leading money transfer organisation. International remittances into Africa are a lifeline to some of our customers. This partnership gives our customers the convenience of directly receiving and sending remittances from their Airtel mobile money wallets. They will now be automatically credited and debited via their Airtel mobile money wallets on their phone and can immediately access the funds to pay bills or merchants and transfer funds to family and friends or convert to cash from the widespread Airtel Money agents, kiosks and branches."

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

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.

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January 22, 2020 02:30 ET (07:30 GMT)

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