Business

Airtel Money bridging financial gap

KALONDE NYATI, Lusaka
AIRTEL Networks Zambia Plc, through its mobile money platform Airtel Money transactions, has been posting in excess of K120 million monthly as the service provider aspires to bridge the financial gap.
The mobile service provider has expanded its platform to offer money transfer services within Zambia and Africa.
Airtel Money country director Brenda Thole said about 500,000 monthly transactions are conducted on the platform with majority being for electricity payments.
Mrs Thole said this during the launch of Shuwa-Shuwa Airtel Money campaign, which guarantees safe and reliable money transfer service.
She said the launch of the product will enable the customers to send money to various parts of the country and in four African countries in the initial stage.
The countries include Malawi, Rwanda, Democratic Republic of Congo and Niger, and plans are under way to expand the money transfer services across the continent.
“We want to help Zambians without bank accounts because there are some people who fear the brick and motor bank and this service will assist such customers. It will also help in developing a culture of saving,” she said.
Meanwhile, Airtel Networks Zambia Plc has named veteran broadcaster Kenneth Maduma as its new brand ambassador for Airtel Money.
Earlier, Airtel managing director Peter Correia said the company is proud to be associated with such a household name that would represent the Airtel Money brand.
“You all know him, you have heard him and you have watched him on national television for many years and today we are proud to introduce to you our new Airtel Money Ambassador,” Mr Correia said.



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