Airtel Partners Standard Chartered Bank to Drive Financial Inclusion
Airtel Africa, a leading provider of telecommunications and mobile money services has announceed a strategic partnership with Standard Chartered Bank to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services.
The telecommunication giant made this known in a statement submitted to the Nigerian Stock Exchange (NSE).
The statement reads that Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial services and, ultimately, better serve people across Africa.
In line with this, the firm said Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts.
The partnership will also allow customers to receive international money transfers directly to their wallets, and access savings products amongst other services.
It said this partnership supports Airtel Africa’s efforts to expand the range and depth of its Airtel Money offerings across its 19 million customer base, with new products and services helping to promote the wider adoption of mobile money and increasing financial inclusion.
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Commenting on the partnership, Raghunath Mandava, CEO, Airtel Africa, said: “Our relationship with Standard Chartered boosts financial inclusion across the continent, giving millions of people access to valuable banking services.
“We continue to invest heavily in cashing in and cashing out locations for our customers and increase our distribution.
“This means that our customers can now send or receive digital payments via Standard Chartered Bank directly to their mobile phones, as well as cash-out their funds at our exclusive kiosks and branches at their convenience”.
Mandava stated partnership highlights Airtel Africa’s commitment to providing affordable, innovative, best-in-class solutions to enhance the daily lives of our customers.
Airtel Partners Standard Chartered Bank to Drive Financial Inclusion
