Airtel Money Launches in Uganda with 3,800 Agents Countrywide

Posted In Business - By Tech Mtaa On Wednesday, February 1st, 2012 With 0 Comments

Airtel yesterday launched its mobile money, Airtel Money, in Uganda. The platform which provides Airtel’s clients access to financial services through their mobile phones. It also allows consumers to top up their phones with air time, send and receive money, pay their critical utility bills, access their bank accounts and withdraw Airtel money across all interswitch ATMs country-wide.

Airtel has partnered with various banks to provide customers with access to deposit and withdraw cash, money transfers, banking services and pay bills. The partner banks include Standard chartered bank, Post Bank, Pride Micro Finance, Centenary Rural Development Bank, Equity Bank, Diamond Trust Bank, United Bank of Africa, Kenya Commercial Bank, Baroda, Eco Bank and Finance Trust Bank.

Mr. V.G. Somasekhar, Airtel Managing Director noted that rural populations have inadvertently been left out of the financial system due to cost and distance from urban centres. Airtel Money Uganda already has more than three thousand eight hundred agents.

According to Airtel Uganda’s M-commerce National Sales Manager, Mr. Nuhu Kanyike, Airtel Money will be available to all Airtel customers, both Prepaid and Postpaid and registration is free at all Airtel Centers and Airtel Money outlets countrywide.

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