Madagascar: Airtel Money now available at post offices

Feb 01, 2013

Airtel Money's mobile banking service is available from February 1st through 170 post offices in Madagascar.

Airtel Money's mobile banking service is available from February 1st through 170 post offices in Madagascar.

It is now possible to make payments, deposit and withdraw money through employees of Paositra Malagasy - who have received special training on these services.

"The partnership with Paositra strengthens Airtel money services' proximity thanks to the extended network of the Post Office in Madagascar.

There is a double benefit for users, with high liquidity availability for withdrawals, on top of all the other services such as purchasing credit, " Airtel CEO Heikko Schlittle told the Express de Madagascar.

This initiative should facilitate access to banking services for Malagasy people, particularly in rural areas, where people sometimes have difficulties accessing bank branches.

The potential for the development of financial services is big on the island, with bank account owners only representing about five percent of the population (20 million inhabitants).

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