Kenya’s Equity Bank and global telecommunication leader, Airtel have today entered into a partnership thatofferscomprehensive mobile commerce solutions to their customers through Airtel Money, a mobile money transfer service widely used by Airtel subscribers.
The service has been availed to all Equity Bank customers with Airtel lines. Thiswill enable customers from both Airtel and Equity Bank to access Airtel mobile banking platforms, perform agency cash transactions at Equity Bank branches and also enable Airtel services customers to withdraw money at any Equity Bank as well as cash outlets countrywide.
Airtel customers will also have the efficiency of paying their utility bills, receive bank transactions alerts, check mini statements among other services using Airtel Money.
Equity Bank CEO Dr. James Mwangi had this to say: “We are pleased to enter into this agreement with Airtel, which will further strengthen our commitment to extending financial inclusion across East Africa by enabling the unbanked and under-banked to enjoy the benefits of mobile payments, while also giving us the opportunity to better serve Airtel customers.”
He added that the bank will continue to strengthen their business model through innovation, enhanced use of technology, automation for a better customer experience and collaborations with such industry stakeholders as Airtel.
In the event, Mr. Jayant Khosla CEO Airtel Africa- Anglophone said: “This partnership with Equity Bank marks yet another milestone in deepening the accessibility of Airtel Money to our customers throughout Kenya. The Equity Bank branches countrywide will complement our 10,000 Airtel Money agents spread across Kenya thus making it easier and more convenient for customers to have guaranteed access to Airtel Money deposit and withdrawal of cash.”
Khosla added that they will continue to educate their customers on the benefits of using Airtel Money mobile commerce solutions including the product’s convenience and ease of use.
“Equity Bank and Airtel Money have a shared commitment in ensuring financial inclusion from many in Kenya and beyond. I’m certain that this relationship will in the days to come empower more people in the larger East Africa region where Equity Bank is operating,” said Khosla.
The partnership with Equity Bank will also help drive mobile money adoption in sub-Saharan Africa.