Airtel plans cash transfers across East Africa

Nairobi. Bharti Airtel has unveiled a mobile money platform in Uganda, which now completes the technical process of linking its Tanzanian and Kenyan outfits and set the stage for cross-border money transfer.

Mr Michael Okwiri, the vice president for Corporate Communication at Airtel Africa, said this week that the firm was in the process of creating a seamless money transfer service across Tanzania, Kenya and Uganda.

“We have applied to the relevant authorities in Kenya, Uganda and Tanzania and are awaiting for regulatory approvals,” said Mr Okwiri.

The mobile telephony firm – which has operations in 16 African countries –is seeking to reap from increased trade in the region, following the formation of the East Africa common market.

Airtel this week upgraded its Ugandan money transfer service following a revamp of its Tanzania service last December, setting the stage for a seamless regional network. There are already mobile money transfer services in the region such as M-Pesa, MTN money, Essar’s yu Money and Orange Money, but all operate within the individual countries only. 

This has led to some unscrupulous traders to offer the service and charge consumers heavily. Money transfers have not only brought the unbanked into the financial scene, but are a source of revenue for mobile firms.

Meanwhile, in Dar es Salaam, Airtel Tanzania conducted a workshop to stakeholders as part of its efforts to increase customer awareness on Airtel Money, the firm’s mobile money payment service. 

On Wednesday Airtel gathered stakeholders to a meeting and explained to them the benefits of its mobile-payment product.
Source: The Citizen reported by The Citizen Correspondents
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