Airtel Mobile Money in Kenya has bring new opportunity to its users in Kenya, they can now receive money from 129 countries across the globe seamlessly.
This was done due to the partnership that was recently occurred between Airtel Money Kenya and World-Remit.
Airtel Money has partner with Worldremit to allow airtel customers in Kenya to receive fund from 129 countries free of 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 platform that enables people to move money across multiple locations around the world.
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 with Zepz, Airtel Money Customers can now receive money from over 129 countries and also they can use their e-wallet to pay utility bills, Top up the mobile account and shop online.
This is not the first time Zepz is partnering with African Financial Institutions to drive Financial Inclusion to the continent, and I hope this shouldn’t be the last. In June 2018, Zepz partner with First Bank Nigeria to allow its customers around the world to send money to their First Bank Account on their mobile phone. Then after few month 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.
Zepz has also involved in series of partnerships with other Airtel regional companies such as Airtel Rwanda in June 2020 and Airtel Tanzania in October 2020. There are expectations that this recently announced partnership with Airtel Money Kenya will introduce the next generation of global money transfers in Africa.
Mobile Mobile service keep experiencing continuous growth in Kenya, this ketp the country second-largest mobile money market in the world after China.
According to analytics and informations from the Central Bank of Kenya, Mobile money transactions rose to Sh3.26 trillion ($29,555,756,906) between January and June this year compared to Sh3.06 trillion ($27,742,520,286) between July and December last year.
Registered mobile money accounts in Kenya also increased by six million to 67.8 million at the end of June 2021 from 61.7 million at the end of June 2020. Similarly, the volume of mobile money transactions increased to 175.8 million transactions in June 2021, from 143.1 million transactions in June 2020. Within the same period, the active mobile money agents increased by 63,820 to 301,457 from 237,637 agents.
Our partnership with World Remit underpins the growth we are witnessing in this market. The volume of transactions and the number of new registered customers to Airtel Money continues to grow. Through this partnership, our customers are assured of seamless services across the globe, without fear of costs. Airtel Money continues to offer fast, secure and affordable services to all Kenyans.
This was disclosed by Airtel Kenya Managing Director, Prasanta Das Sarma.
Although, Safaricom’s M-Pesa owns the largest market share in Kenya with 247,000 agents serving an estimated 28 million active customers spread across the country. But Airtel partnership with WorldRemit hope to boost the telecom operator’s market position and drive customer acquisition in the Kenyan market. And also attract new users willing to receive money from abroad via Airtel Money.