Airtel Africa PLC Strategic Partnership with Standard Chartered Bank (9672V)
August 13 2020 - 2:00AM
UK Regulatory
TIDMAAF
RNS Number : 9672V
Airtel Africa PLC
13 August 2020
Airtel Africa plc
("Airtel Africa", or the "Group")
STRATEGIC PARTNERSHIP WITH STANDARD CHARTERED BANK
London and Lagos, 13 August 2020: Airtel Africa, a leading
provider of telecommunications and mobile money services, with a
presence in 14 countries across Africa, today announces a strategic
partnership with Standard Chartered Bank, a leading international
banking group, to drive financial inclusion across key markets in
Africa by providing customers with increased access to mobile
financial services.
Standard Chartered and Airtel Africa will work together to
co-create new, innovative products aimed at enhancing the
accessibility of financial services and, ultimately, better serve
people across Africa. In line with this, Airtel Money's customers
will be able to make real-time online deposits and withdrawals from
Standard Chartered bank accounts, receive international money
transfers directly to their wallets, and access savings products
amongst other services.
This partnership supports Airtel Africa's efforts to expand the
range and depth of its Airtel Money offerings across its 19 million
customer base, with new products and services helping to promote
the wider adoption of mobile money and increasing financial
inclusion.
Raghunath Mandava, CEO, Airtel Africa , said: "Our relationship
with Standard Chartered boosts financial inclusion across the
continent, giving millions of people access to valuable banking
services. We continue to invest heavily in cashing in and cashing
out locations for our customers and increase our distribution. This
means that our customers can now send or receive digital payments
via Standard Chartered Bank directly to their mobile phones, as
well as cash-out their funds at our exclusive kiosks and branches
at their convenience. This highlights Airtel Africa's commitment to
providing affordable, innovative, best-in-class solutions to
enhance the daily lives of our customers."
-ENDS-
Enquiries
Airtel Africa - Investor Relations
Pier Falcione
Anna Kaim
i nvestor.relations@africa.airtel.com +44 207 493 9315
Hudson Sandler
Nick Lyon
Bertie Berger
airtelafrica@hudsonsandler.com +44 207 796 4133
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and
mobile money services, with a presence in 14 countries in Africa,
primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications
solutions to its subscribers, including mobile voice and data
services as well as mobile money services both nationally and
internationally.
The Group aims to continue providing a simple and intuitive
customer experience through streamlined customer journeys.
www.airtel.africa
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END
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