Airtel mobile money africa

Airtel to Launch Mobile Money Across Africa

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India’s Bharti Airtel has announced a partnership aimed at launching mobile money services in all 17 of its African operating countries.

The company has teamed up with VeriFone Mobile Money to introduce mobile Tap n Pay applications and services.
The Tap N Pay suite includes NFC payment, mobile banking and billing services. They include built-in security services.

VeriFone Mobile Money CEO Chris Jones said that while Africa has one of the most evolved mobile money systems in the world, only an estimated 22% of the continent’s population have a bank account or credit facility.

This leaves much room for growth in mobile payment and banking services, he said. “We fully expect the number of people to quadruple as mobile financial services offer the ‘unbanked’ a way to transact, pay bills and build assets.”

According to the GSMA, over 42 million people across Africa are actively using mobile money services.
Airtel has a pre-existing partnership with EcoBank covering the supply of mobile money services in nine African nations. Original post at Telecomasia

Wahengbam Rorrkychand

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