MTN partners with banks to improve financial services in Rwanda

Jul 21, 2014

Telecom operator MTN Rwanda has entered a partnership with Rwanda's national payment switch RSwitch, KCB and I&M Bank to help improve access to financial services in Rwanda.

Telecom operator MTN Rwanda has entered a partnership with Rwanda's national payment switch RSwitch, KCB and I&M Bank to help improve access to financial services in Rwanda.

MTN's mobile money subscribers will now be able to transfer and receive money either via KCB bank accounts or I&M ATMs, The New Times
reports.

Subscribers will also be able to access this service through RSwitch connected ATMs, without the use of a bank card to initiate the transaction.

Keza Monica, Head of Banking at KCB, said: "KCB's partnership with MTN mobile money is a game changer which aims to improving lives, create jobs, spawn new enterprises, expand financial inclusion and promote a cashless economy."

This announcement comes a few weeks
after
MTN and banking group Ecobank announced the launch of a common mobile banking offer across 12 African countries, including Rwanda.


MTN Mobile Money users can now withdraw money
from Ecobank's ATMs
and transfer money between their Mobile Money and Ecobank accounts.ADNFCR-2976-ID-801736430-ADNFCR