CORPORATE INTELLIGENCE AFRICA ISSUE 0024 | Page 54

MONEY TRANSFER

Airtel and Equity Bank
By Boniface Otieno

sign money transfer deal

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quity Bank and Airtel Kenya have entered into a partnership that will offer comprehensive mobile commerce solutions to their customers in Kenya, through Airtel Money. The service, available to all Equity Bank customers with Airtel lines, will

enable customers from both Airtel and Equity Bank to access Airtel mobile banking platforms, perform agency cash transactions at the bank’s branches. Airtel Money will also enable customers to pay their utility bills, receive bank transaction alerts, check account balance and receive mini statements, among other services. “We are pleased to enter into this agreement with Airtel,

DR. James Mwangi, Equity Bank Group CEO and Mr Jayat Khosla CEO Airtel Africa shake hands after signing a deal that will offer a comprehensive mobile solution to their customers in Kenya through Airtel Money.LEFT: Aritel customer care centre.

which will further strengthen our commitment to extending financial inclusion across East Africa by enabling the unbanked and under-banked to enjoy the benefits of mobile payments, while also giving us the opportunity to better serve Airtel customers,” said Equity Bank Group CEO James Mwangi during the launch. “We shall continue to strengthen our business model through innovation, enhanced use of technology, automation for a better customer experience and collaborations with industry stake-

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