Airtel unveils new Visa debit ATM cards for mobile cash withraw

Ephraim Batambuze III February 21, 2014

Less than a minute

Airtel Kenya on Thursday introduced a debit card that will allow its mobile money transfer customers to withdraw money from Visa automated teller machines (ATMs) across the world.

This means thatAirtel money subscribers can access to about 10,000 ATMs in Kenya

The Airtel Money Visa debit card is a partnership between the mobile operator, Visa and Chase Bank and will solve the problem of its agents lacking float as well as widen its agency network.

Currently, the telco has about 15,000 agents.

It will cost a subscriber Sh50 to withdraw any amount of money from Kenswitch ATMs and Sh30 when using a Chase ATM. Airtel subscribers will pay Sh100 to withdraw money from a Visa-enabled ATM in Kenya and Sh250 outside the country.

Credit: www.businessdailyafrica.com