Airtel Money launched in Uganda
VALUE ADDED SERVICES| Feb. 1, 2012, 8:54 p.m.
Airtel Uganda has launched its mobile money platform - Airtel Money. The platform allows consumers to top up their phones with air time, send and receive money, pay their critical utility bills, access their bank accounts and withdraw Airtel money across all interswitch ATMs countrywide.
Airtel has partnered with leading international and regional banks to provide customers with access to deposit and withdraw cash, money transfers, banking services and pay bills. These include Standard Chartered Bank, Post Bank, Pride Micro Finance, Centenary Rural Development Bank, Equity Bank, Diamond Trust Bank, United Bank of Africa, Kenya Commercial Bank, Baroda, Eco Bank and Finance Trust Bank.
V.G. Somasekhar, Airtel Managing Director, who addressed guests at the launch said: “Mobile commerce has the ability to assist a large segment of the population due to its distribution network. Airtel Money’s new platform will provide consumers with a useful offering of products that cuts across Mobile banking including ATM transactions, utility bill payments, Airtime top ups and Money Transfer services.”
Somasekhar also noted that the rural populations had inadvertently been left out of the financial system due to cost and distance from urban centres. The Airtel Money Agent network throughout Uganda will now enable customers to transact at over 3800 Airtel Money agents, ensuring the widest availability of Airtel Money throughout Uganda.”
Hon. Nyombi Thembo, Minister of State for ICT, said: ‘We congratulate Airtel and believe that through its Airtel money initiatives, consumers and communities even in the deepest rural areas of Uganda will take maximum advantage and reap the benefits of mobile commerce and other innovative services from Airtel.”
Prime Minister Amama Mbabazi commended Airtel Uganda for partnering with the Government in positively impacting the ICT industry and the country at large. “During their entry into the Ugandan Market, Airtel announced an investment of up to USD100M into the market and part of this would be allocated towards the provision of innovative Mobile services in Uganda. I am very pleased to see how mobile services are complementing the banking sector.”
“We believe that the Airtel Money services will be a catalyst to support economic activities such as agriculture, mining, fishing and ultimately contribute to the economic growth of our country, especially within the rural sector, ” he concluded.
According to Airtel Uganda’s M-commerce National Sales Manager, Nuhu Kanyike, Airtel Money will be available to all Airtel customers, both Prepaid and Postpaid and registration is free at all Airtel Centers and Airtel Money outlets countrywide.
MORE VALUE ADDED SERVICES NEWS
EcoSure hits 1 million usersIn just two months, Econet’s insurance service, EcoSure, has registered over one million new customers. Read More
Airtel, Visa extend mobile payments to seven countries in AfricaVisa and Bharti Airtel have announced a partnership to bring innovative mobile payment services to seven markets in Africa. Read More
Terragon Group to unveil African-focused Mobile Advertising Technology at MWCNigeria-based Terragon Group is set to unveil its dynamic data monetisation and advertising platform, described as a first for mobile in developing markets, at MWC. Read More
MTN demonstrates the benefits of its video on demand offeringMTN showcased the benefits of FrontRow when it streamed high bandwidth video content onto multiple mobile devices using its video on demand (VOD) offering. Read More
Vodacom, Tigo agree on mobile money interoperabilityMillions of M-Pesa and Tigo Pesa customers in Tanzania will soon be able to send and receive money directly into each other’s wallets. This follows the recent signing of a mobile money interoperability agreement between Tigo and Vodacom. Read More
Airtel Ghana launches DOTGO SMS Web browsing serviceAirtel Ghana has deployed DOTGO’s SMS-based Internet service, which enables any mobile phone to be Internet-accessible without data or Wi-Fi. Read More
MoneyGram reaches 25,000 locations across AfricaMoneyGram has announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA. Read More
TrustPay defines new space in cashless payment, commerceTrustPay has officially launched a new range of innovative m/e Commerce merchant solutions it says are set to accelerate economic growth in developing markets. Read More
Econet launches Dial a DocEconet Wireless has launched a new service that will allow subscribers to access health advice 24/7 via a mobile phone. Read More
FEATURED STORY2bn priced out of internet access
A new report from the Alliance for Affordable Internet shows that the price of broadband remains prohibitive for billions in developing and emerging countries, with women and rural dwellers hardest hit.
BEST READ NEWS
IN DEPTHKenya’s digital TV battle hots up
Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.
COMPANY NEWSVMware unveils vCloud for NFV with Integrated OpenStack to accelerate service innovation
VMware, the global leader in virtualisation and cloud infrastructure, today debuted VMware vCloud for NFV, an integrated Network Functions Virtualization (NFV) platform that will combine VMware’s production-proven ...