Airtel launches crossborder money transfer nov 1

[simplemind]

Bharti Airtel has announced plans to
start cross-border mobile money
services in East Africa next month.
The service will enable Airtel Money
customers to send, receive and
withdraw money from their Airtel
Money accounts cross the region.
The telecom company also slashed its
transfer rates from 10 per cent to 2 per
cent.
The pilot phase of the firm Airtel Money
service will fully kick off on November
1, with the first phase targeting Kenya,
Uganda, Tanzania and Rwanda, Chidi
Okpala, the Airtel Africa director and
Airtel Money head, said.
This follows an approval by central
banks of Rwanda, Kenya, Tanzania and
Uganda to launch the initiative.
The next phase of this initiative will roll
out the service to other Airtel operating
countries next year, Okpala said. He
was speaking during the 2014 East
African Business Summit in Kigali
yesterday.
He said the initiative is key milestone
for Airtel Money customers “because a
big virtual barrier has been removed to
allow customers to transact with ease,
across national borders”. The service
will extend convenience by way of cost
efficiency and reach while facilitating
remittances and small trades within
East Africa,” he noted.
“This will not only increase mobile
money penetration amongst countries
but will also create business
opportunities. Mobile money remains a
key element in boosting financial
inclusion in East Africa. This is also a
confirmation of the broader
commitment of the Governments of
Rwanda, Uganda, Kenya and Tanzania
in improving trade and commerce
activities within the region,” Okpala
added.
The pilot project will also enable Bank
of Africa (BOA) customers in Kenya and
Uganda to send and receive money
across the two countries.
“According to the East Africa
Community, mobile commerce is
gaining importance in the region for its
huge role in speeding up transactions –
saving time and money for people and
businesses.
“The introduction of more sophisticated
financial services, such as credit,
savings and insurance schemes
through partnerships with financial-
services providers has positively
changed the way businesses operate
speeding up key elements of regional
integration,” Dr. George Njenga, Dean
Strathmore Business School, noted.
Fred Kwezira, a clearing agent in
Gikondo, said the initiative will boost
cross-border trade and enhance
business competitiveness.
“It’s something that we have been
calling for; therefore, its launch is a
huge relief, not only for business
community, but also the region as a
whole,” he said.
Bharti Airtel is Africa’s leading
telecommunications service provider
with operations in 20 countries across
Asia and Africa.
Tigo pioneered the cross-border mobile
money transfer when it launched the
service between Rwanda and Tanzania
early this year. MTN Rwanda has also
announced intentions to start cross-
border mobile money transfer services
next month.

 

[Governor of Bettors-GB]

Weraaaaaaaaa
Aisee hapa sasa Airtel wanafanya balaa.
Ngoja niiweke Line yangu sawa kabisaa,maana sijui kama haijafungwa.

Hii itawafanya wakamate wateja wengi ile mbaya,wasije kutukera tu na kuzidiwa na wateja.

Unajua hii huduma ya Mobile Money kwa Tz walianzisha hawa jamaa,kisha wakashindwa wakaja Voda wakaboost na tigo wakawafunika kabisaa,sasa wanakuja kufufuka tena.

Waki Manage hili soko la EA basi Banks zijiandae,zitakuwa zinapambana na soko gum sana kwenye upande wa TT unless wapunguze makato.

Hatua nzuri nawapongeza sana AIRTELLLLLLL