By Rogers Wanambwa
KIU, Main Campus - Standard Chartered Bank and Airtel have declared a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services, according to a joint press release from the two companies.
Through this synergy, Airtel Money’s customers will now 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.”
In addition, the corporate clients that Standard Chartered has will now be able to make expeditious and secure bulk disbursements, such as payroll payments, directly into the Airtel Money customers wallet.
The move is meant to give Airtel Africa's millions of customers new products and to ensure their financial inclusion.
Consequently, the Mobile banking transfers between Airtel Money and Standard Chartered Bank are now live in Kenya, Tanzania, Uganda and Zambia and the rest of the products will be rolled out later this year as they are still pending to regulatory approvals.