Equity bank customers get mobile with Airtel Money in Kenya
Equity Bank and Airtel Kenya will offer comprehensive mobile commerce solutions to their customers in Kenya, through Airtel Money.Equity Bank and Airtel Kenya will offer comprehensive mobile commerce solutions to their customers in Kenya, through Airtel Money.
The partnership will allow Equity Bank customers to access the Airtel Mobile banking platform, while Airtel customers will be able to withdraw cash at all Equity Bank agencies across the country.
Airtel Mobile Banking platform offers all traditional mobile banking services such as utility bill paying and checking bank balances and transactions on the go.
Dr. James Mwangi, Equity Bank Group CEO, declared:
“We are pleased to enter into this agreement with Airtel, 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.”
Jayant Khosla, CEO Airtel Africa - Anglophone, highlighted the advantages of the deal for the many Airtel customers, pointing out that "the 203 Equity branches and 600 Equity Bank ATMs will complement our 10,000 Airtel Money agents spread across Kenya”.
He also emphasised the potential of the solution for allowing an improvement in financial inclusion in the East African region, where Equity Bank is operating.
Since its launch two years ago, Airtel has been extending its market share across Kenya and the region, with a dealer network now counting around 10,000 banks, bank agents, supermarket chains and postal outlets.
The partnership with Equity Bank should also help Airtel Money expand to sub-Saharan Africa, where demand for banking services is rising.