Airtel Money launched in Uganda

VALUE ADDED SERVICES

|
Image: By BiztechAfrica
Airtel Money launched in Uganda

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Rewards for Lipa Na M-Pesa fuel payments

Safaricom has announced an instant rewards system to incentivise customers who pay for fuel using Lipa Na M-PESA.   Read More

Ivory Coast launches m-tourism app

SODERTOUR has launched an app to give people important, real time tourism information on their cellphones. Read More

Dubai Bank launches M-SASA banking platform in Kenya

Kenya’s Dubai Bank and Rapid Communications, a telecommunications solution provider, have partnered to launch mobile banking system M-SASA.  Read More

Angola creates awareness about E-Kwanza BAI

A major marketing campaign is currently underway in Angola to create awareness about a mobile money service called E-Kwanza BAI, which was launched this month by the Banco Angolano de Investimentos (BAI, Angolan Bank of Investments).   Read More

Orange, USAID join forces to boost mHealth innovations across Africa

The U.S. Agency for International Development (USAID) and global telecommunications operator Orange have announced a new alliance to develop innovations in mobile health (mHealth) at the Global mHealth Forum in Washington, DC.  Read More

WFP, World Vision look to digital to assist DRC refugees

More than 1 100 households whose members fled the war in the east of the DRC have received financial assistance via mobile money from World Food Programme and its partner World Vision. Read More

Tanzania’s Safe Motherhood Text Messaging Service enters third year

Since its launch two years ago, 500,000 men and women accumulatively received 40 million informative safe motherhood messages and reminders through the Wazazi Nipendeni SMS service. Read More

2go racks up 2m monthly users on Android app

Mobile social network 2go has announced it has achieved over two million monthly users on its Android app just over a year after its launch. Read More

Airtel Money now largest financial service provider in DRC

Airtel Money has hit the 1 million revenue-earning customers landmark in the Democratic Republic of Congo (DRC). Read More

MTN partners Tastee Fried Chicken to launch meal vouchers

MTN Nigeria has extended partnership with a leader in the outdoor and quick service restaurant sector, Tastee Fried Chicken (TFC) with the launch of meal vouchers to increase its retail footprints and provide its products and services at all TFC outlets nationwide. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

PWC: Optimism abounds but a bumpy journey ahead for somePWC: Optimism abounds but a bumpy journey ahead for some

PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa,’ report says infrastructure spend in the region is projected to reach $180bn per annum by 2025.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.