Airtel launches mobile payment service 'M-ligdi' in Burkina Faso

Jul 20, 2012

Burkinabe people will benefit from improved access to financial services with the launch of the mobile payment service 'Airtel Money M-ligdi'.

Burkinabe people will benefit from improved access to financial services with the launch of the mobile payment service 'Airtel Money M-ligdi'.

Created by the mobile operator Airtel Burkina in partnership with Ecobank, the service will allow users to send money to their relatives, pay for groceries, electricity and water bill or top-up phone credit, according to Airtel.

"This product will facilitate the daily lives of Burkinabe people and will reduce the problems of insecurity caused by the transport of money," said Gilbert Christmas Ouedraogo, Minister in charge of the Digital Economy, quoted by Fazosine.

This product should help improve access to financial services in the country, where only ten percent of the population has access to a bank account and where the penetration rate of electronic payment systems is low, according to John Ndego, CEO of Airtel Burkina.

The service will make available several banking services to people living in rural areas of the country and who have little or no access to banks.

Airtel has a penetration rate of nearly 50 percent and covers 90 percent of the country, Le Faso newspaper reports.

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