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NAIROBI. – Equity Bank and Airtel Kenya entered a major 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 Equity Bank branches and enable Airtel services customers to withdraw money at any Equity Bank countrywide.
Customers can also pay their utility bills, receive bank transaction alerts, check account balance and receive mini statements, among other services.
Speaking at the launch, Equity Bank group chief executive officer Dr James Mwangi said the agreement with Airtel will further strengthen the bank’s commitment to extending financial inclusion across East Africa by enabling the unbanked and underbanked to enjoy the benefits of mobile payments.
“We shall continue to strengthen our business model through innovation, enhanced use of technology, automation for a better customer experience and collaborations with industry stakeholders such as Airtel,” said Dr Mwangi.
“The partnership with Equity Bank marks yet another milestone in deepening the accessibility of Airtel Money to customers throughout Kenya.
“The 203 Equity branches and 600 Equity Bank ATMs, will complement 10 000 Airtel Money agents spread across Kenya thus making it easier and more convenient for customers to have guaranteed access to Airtel Money deposit and withdrawal of cash,” said Jayant Khosla, CEO of Airtel Africa-Anglophone.
Airtel Money is fast becoming the preferred way of sending and receiving money across the Kenya and the region with customers widely using to pay utility bills such as electricity, water and pay-television subscriptions.
The process is fully automated and reflects in real-time providing customers with a faster and more secure mode of carrying out their transactions.
Airtel ventured into the local mobile commerce business two years ago and now has a vast dealer network of thousands of agents which include banks, bank agents, supermarket chains and Posta outlets. – CAJ News.
Online Reporter