Under the Memorandum of Understanding (MOU) signed, both companies will expand the range of innovative financial services to their customers in the 12 countries where they are both present within Africa which include Nigeria, Ghana, Burkina Faso, Sierra Leone, Gabon, Kenya, Uganda, Tanzania, Chad and Zambia, Congo Brazzaville and Congo DRC.
Airtel has presence in 17 African countries with over 30 million registered mobile money customers while UBA operates in 19 African countries as Africa’s Global Bank with over 10 million customers.
The companies will jointly launch new mobile based financial products and services that are relevant to customers with the objective of driving convenience to their combined over 30 million plus registered customers.
The services include International Money Transfer services, Mobile Banking, Super Agency Services, and Payment Cards for their customers. The partnership will also facilitate cardless withdrawal services at ATMs, Mobile Savings and Loans. These initiatives are geared at improving convenience for their teeming customers across the continent whilst boosting intra-Africa trade and commerce.
“We are very excited about this partnership with Airtel that will see the introduction of innovative solutions in the e-commerce space in Africa, ” said Kennedy Uzoka, Group DMD and CEO, UBA Africa.
The rich bouquet of mobile-based services which we will be introducing under the partnership, will not only support financial inclusion across Africa, it will also improve trade and break barriers of doing business on the continent.
Chidi Okpala, the Director and Africa Head, Airtel Money said they have chosen to partner UBA in providing this service across Africa because of its pan-Africa spread, leadership in innovation and Retail Banking, and shared presence in 12 African countries.
Source: Ghana Web