It is the second partnership announcement this month for the telco, following earlier confirmation that Airtel Africa would partner with Standard Chartered to develop “co-developed, innovative” new financial products for key markets.
Under the latest partnership, Airtel Money customers who receive funds can use them to pay for utility bills, goods and services, transfer to other individuals, or convert to cash at any of Airtel Africa’s branches, kiosks and agents.
“We are delighted to work with MoneyGram to provide millions of customers with fast, secure and convenient options to receive and send money as well as access their funds from a vast distribution of exclusive kiosks, agents and branches at their convenience,” said Raghunath Mandava (pictured), CEO of Airtel Africa.
“This is a significant step forward in our ambition to transform lives through greater financial inclusion and empowerment across the continent. Maximizing access to global remittances is a key part of this - even more so given the disruption and economic hardship faced by many because of the Covid-19 pandemic.”
The services will be enabled this year subject to local regulatory approvals.
John Gely, head of MoneyGram Africa, added: “This partnership with Airtel will enable millions of consumers instant access to our global platform to receive money from over 200 countries and territories without having to even step outside.
“We're excited about how this customer-centric partnership with Airtel will expand our mobile wallet capabilities, build upon our strong momentum in Africa, and further accelerate our digital growth across the globe.”
