Airtel Africa, a leading provider of telecommunications and mobile money services, and Western Union, a leader in cross-border, cross-currency money movement and payments, has announced a strategic agreement to offer Western Union’s cross-border capability via the Airtel Money wallet, enabling customers to move money in real-time across 14 countries in Africa .
The collaboration with Airtel Africa will enable more than 15 million Airtel Money mobile wallet users in Nigeria, Uganda, Gabon, Tanzania, Zambia, DRC, Malawi, Madagascar, Kenya, Congo, Niger, Tchad, Rwanda and Seychelles to simply route any money transfer received from across the world into their wallets.
The service will allow users to send and receive Western Union Money Transfer transactions using their Airtel Money accounts. They can also use the funds to pay bills and merchants, top-up airtime and send money domestically and internationally. Service launch is expected in the course of 2020.
Global senders will also be able to direct international money transfers to Airtel Money mobile wallets using Western Union’s digital services in 75 countries plus territories, or the walk-in Agent network across more than 200 countries and territories.
Raghunath Mandava, CEO of Airtel Africa, said, “We are very excited to partner with Western Union to offer Airtel Money customers better access to one of the world’s largest money transfer organisations. International remittances into Africa are a lifeline to some of our customers. This partnership will give our customers the convenience and security of directly receiving and sending remittances from their Airtel mobile money wallets. They will now be automatically credited and debited via their Airtel mobile money wallets on their phone and can immediately access the funds to pay bills or merchants and transfer funds to family and friends or convert to cash from the widespread Airtel Money agents, kiosks and branches.”
Sub-Saharan Africa is a home to the world’s largest free trade area and a 1.2 billion-person market, the continent is poised to create an entirely new development path harnessing the potential of its resources and people.