Ecobank and Airtel to offer mobile banking services

Jun 09, 2011

Ecobank has formed a new partnership to improve mobile banking services across Africa.

The group is working with Bharti Airtel (Airtel) to increase the number of tasks individuals can carry out using the network, the New Times reports.

As well as making payments and checking their balance, people can process transactions and apply for credit using mobile devices.

Both organisations have also committed to launching a range of mobile financial services offerings, including person to person and business to business, under the names Ecobank Mobile and Airtel Money.

This is not the first time the enterprises have worked together and Arnold Ekpe, Chief Executive Officer at Ecobank, suggested it was only natural that they should extend their collaboration on the continent.

He added that the new deal "reaffirms Ecobank's commitment to providing banking and financial services to the unbanked and under-banked in Africa".

The organisation was first established in 1985 by the Federation of West African Chambers of Commerce and Industry as a solution to the lack of commercial banks owned by the private sector in western parts of the continent.