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
Uber Kenya, Sidian Bank launch Vehicle Solutions ProgrammeUber and Sidian Bank are partnering to give driver-partners and investors access to vehicle financing for their own Uber-based businesses. Read More
Ericsson announces Emergency Wallet to support humanitarian responseEricsson has committed to developing Ericsson Emergency Wallet, a mobile financial services solution, for deployment in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations. Read More
Hello Paisa clinches top African Fintech spot at Innotribe Start-up challengeLow cost international money transfer company Hello Paisa was named the number one Fintech Company in Africa during the SWIFT African Regional Conference in Mauritius this week. Read More
Ghanaian diaspora embrace MTN Mobile Money when sending home with WorldRemitMTN Mobile Money has become the fastest growing method of receiving WorldRemit international money transfers in Ghana. Read More
Ghana’s first mobile-based nano lending scheme launchedAirtel is partnering with Fidelity Bank and Tiaxa will provide instant access to Nano loans up to GHC 200 to Airtel customers who qualify for the service through the Airtel Money platform. Read More
Airtel, Flickswitch launches first business SIM management service in KenyaAirtel has partnered with Flickswitch International, a leading provider of self-service solutions for enterprises to launch an enterprise SIM management service in Kenya. Read More
Airtel, Facebook to launch Free Basic Services in NigeriaBharti Airtel Africa has announced that it has launched Free Basics in Nigeria in partnership with Facebook. Read More
Safaricom pays out Kshs.152m in Skiza Tunes royaltiesSafaricom Limited has released Kshs.152 million to Collective Management Organisations (CMOs) and Premium Rate Service Providers (PRSPs), for payment to artistes whose music is sold through the company’s music platform – Skiza Tunes. Read More
Opera Mini introduces native ad blocker for Android usersOpera Mini has announced the launch of its built-in ad blocking system operating on its browser for Android. Read More
SimbaPay announces single money transfer of up to $45,000 to AfricaSimbaPay says it is revolutionizing the remittance space through its official announcement of raising the single transaction limit to a whopping $45,000. This is substantially higher than the previous transaction limit of $3,000. Read More
FEATURED STORYGovernment should encourage youths in ICT early
Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.
BEST READ NEWS
IN DEPTHIBM Opens First Cloud Data Centre in South Africa
IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.
COMPANY NEWSResolving the data centre disconnect
The disconnect between virtualised applications and physical storage is costing businesses time and money.Separating the attack that matters from the noise
It has almost become the norm for a business to be compromised by a security attack. The emphasis today is thus more on how a business responds ...MTN Business partners SMEasy to give entrepreneurs access to easy accounting solutions
MTN Business, in partnership with online accounting tool SMEasy, today announced the launch of an agile, fit for purpose business management and easy accounting solution for small ...