Airtel Africa, WorldRemit ink deal to facilitate swift money transfers


Airtel Africa signed a deal with fintech giant WorldRemit in a move to allow customers of both companies to enjoy instant money transfers across the continent.

Airtel Africa is currently operating mobile money services in fourteen African countries, including in DRC, Uganda, Zambia, Tanzania, Malawi and Niger and this will help Africans in the diaspora use WorldRemit to send money back home.

“The connection to more mobile money accounts through Airtel Africa allows us to expand our payout network and options available to customers across the continent,” Andrew Stewart, the managing director of WorldRemit in the Middle East & Africa, was quoted as saying.

“It is really exciting and important to us that we continue to increase financial inclusion for our customers in Africa while delivering a fast, affordable and secure service.”

Airtel Money enables mobile money users to send local and international money transfers, make utility payments, pay merchants, save money in their mobile wallets, purchase airtime and access a range of mobile financial products. Airtel Africa currently operates in 14 countries in Africa, primarily in East, Central and West Africa.

World Remit offers innovative ways for the unbanked across the world to receive money, including bank account transfer, cash pickup and mobile money. Around 70% of WorldRemit transfers are sent from the mobile app.