Airtel Africa plc, a telecommunications and mobile money services provider, has announced a strategic partnership with MoneyGram; a global leader in cross-border P2P payments and money transfers.
The partnership will ensure that more than 19 million Airtel Money customers across 12 countries; can route any MoneyGram transfer received from around the world; into their mobile money wallets on their phone.
In a statement issued by the telco and seen by 1stNews; it was indicated that the development would also enable senders overseas to push funds instantly; as well as directly to an Airtel Money mobile wallet; in a more convenient way for customers.
The partnership, according to Airtel, is in line with its strategy of expanding the range; as well as depth of Airtel Money offerings; to drive customer growth and penetration.
Raghunath Mandava, the CEO of Airtel Africa, explained that the partnership would provide millions of customers with fast; secure; and convenient options to receive and send money; as well as access their funds from a vast distribution of exclusive kiosks; agents; as well as branches at their convenience.
“This is a significant step forward in our ambition to transform lives; through greater financial inclusion; and likewise empowerment across the continent. Maximizing access to global remittances is a key part of this – even more so given the disruption and economic hardship faced by many as a result of the COVID-19 pandemic,” he said.
He added that the Group has been focused on building international money transfer services; through international partnerships; to connect millions of people to the global economy; and that the MoneyGram partnership builds on the momentum of existing partnerships with Mastercard and Western Union.