Friday, April 19

Airtel Money users in Kenya to receive funds from 129 countries, free of charge

Airtel Money has partnered with WorldRemit to allow Airtel customers to receive money from 129 countries, without a charge. 

World Remit, which in August rebranded as Zepz after raising $292 million at a $5 billion valuation, is a UK-based cross-border mobile payments firm that enables people to move money across multiple locations. 

Airtel Money is a Mobile Commerce service powered by Airtel, one of Africa’s largest telecommunication companies, that allows customers to use their mobile number as a digital wallet (e-wallet). Airtel Money e-wallets can be funded and used to make and receive payments. 

Through this partnership, Airtel Money customers in Kenya will be able to receive money directly into their Airtel Money wallets from 129 countries. In addition to receiving payments, Airtel Money customers can use their wallets to seamlessly pay utility bills, shop online, and recharge their mobile accounts. 

Zepz is not new to partnering with African financial institutions to drive financial inclusion on the continent. In June 2028, it partnered with First Bank, Nigeria to allow its customers across the world to send money to First Bank accounts directly from their phones. Then a few months later, it launched its first full-on inter-African money transfer service in 40 countries, with a roll-out target in East Africa markets including Kenya, Rwanda, Tanzania and Uganda. Continue reading

Image: Techcabal