Nairobi — In an effort to push for the growth of the Airtel Money platform, Airtel Kenya has signed a partnership with Equatorial Commercial Bank (ECB) which will allow the bank's customers to access mobile banking services via Airtel Money.
Airtel Kenya Managing Director Shivan Bhargava said the service will provide clients with e-commerce solutions including online payments, online banking, utility bill payments for electricity, water, DStv and water.
He said the company was ready to ensure it grows its market share in the country despite stiff competition from other telecom companies.
"Airtel Kenya will remain committed to ensuring the clients using the Airtel Money service have fast, friendly and safe Airtel Money transactions. The partnership with Equatorial Bank marks yet another milestone in deepening the accessibility of Airtel Money to Airtel customers throughout Kenya," the MD said.
Last week, Airtel launched an offer where Airtel money users will access a Sh2 call rate for seven days on any transaction to the value of Sh100 or more.
The company plans to grow the number of its agents countrywide to 15,000 by the end of this year from the current 10,000.
Commenting the partnership, ECB Managing Director Sammy Itemere said this was strategic in the digital expansion of the bank as Mobile banking takes on a leading role in the country.
"This partnership is the first of many opportunities that will allow ECB rope in the low-end and SME market by providing them with remote access to their bank accounts that will allow the banks customers to make deposits and withdrawals cheaply, quickly, conveniently and securely without having to go to the banking hall," Itemere said.
About the author
Margaret has been a business reporter for the past three years. She is currently pursuing a degree in Communications and Public Relations at Moi University. She holds a diploma in film and video production from the Kenya institute of Mass Communications. Apart from journalism, she has interest in community work, especially helping the disadvantaged.