Airtel Africa PLC (LON:AAF) is hooking up with MoneyGram to provide a service that can route MoneyGram transfers into mobile money wallets on smartphones.
The provider of telecommunications and mobile money services said the partnership with person-to-person payments and money transfer giant MoneyGram was in line with the group’s strategy of expanding the range and depth of Airtel Money offerings to drive customer growth and penetration.
“This is a significant step forward in our ambition to transform lives through greater financial inclusion and empowerment across the continent. Maximising access to global remittances is a key part of this - even more so given the disruption and economic hardship faced by many as a result of the COVID-19 pandemic," said Raghunath Mandava, the chief executive officer of Airtel Africa.
Shares in Airtel were down 0.5% at 58.2p in early deals.