Airtel Africa’s new partnership means quick money access for millions across continent
Airtel Africa PLC, a provider of telecommunications and mobile money services in 14 countries across Africa has entered into a new partnership which enables Airtel Money’s 19 million customers to quickly and conveniently receive MoneyGram transfers directly into their mobile wallets from family and friends around the world.
The new alliance is with MoneyGram International, a global player in cross-border P2P payments and money transfers. Once Airtel Money customers receive the funds, they can be accessed immediately and used to pay utility bills, goods and services, transferred to other individuals, or converted to cash at any of Airtel Africa’s exclusive branches, kiosks and agents. The services will be enabled this year subject to local regulatory approvals.
“We are delighted to work with MoneyGram to provide millions of customers with fast, secure and convenient options to receive and send money as well as access their funds from a vast distribution of exclusive kiosks, agents and branches at their convenience,” explained Raghunath Mandava, CEO of Airtel Africa. “This is a significant step forward in our ambition to transform lives through greater financial inclusion and empowerment across the continent. Maximizing access to global remittances is a key part of this - even more so given the disruption and economic hardship faced by many because of the COVID-19 pandemic.”
MoneyGram is a remittance provider in Africa and this partnership is in line with the strategic imperatives of both companies as Airtel focuses on expanding the breadth of its offerings, launching international partnerships to connect millions of people to the global economy and driving money flows into the continent.
“This partnership with Airtel will enable millions of consumers instant access to our global platform to receive money from over 200 countries & territories without having to even step outside,” said John Gely, Head of MoneyGram Africa.