Standard Bank Partners With Airtel Money To Let Customer Bank Closer To Home

Margaret Kubwalo and Matseketsa 

Standard Bank has partnered with Airtel Money in order to give customers seamless control of their financial transactions and take financial inclusion to a higher level.

Head of Personal and Business Banking Margaret Chaika Kubwalo said the bank is moving the next step forward in providing convenience and efficiency to customers by providing them platform that allows them push and pull money to and from their Standard Bank and Airtel Money Accounts.

The platform enables Standard Bank customers manage their money when making various transactions such as utility bills, airtime purchases and transfers and account balance.

Kubwalo

"Now a Standard Bank customer doesn't need to come to Standard Bank to cash money from an ATM and push it to Airtel Money through Airtel Money agent. Now all that can be done in the convenience of their home." She said

Kubwalo also indicated that this partnership offers opportunity to Airtel Money customers who have no bank accounts but wishes to open an account with the bank. She said such Airtel customers are well come to open account with Standard Bank and move their mobile wallet from Airtel Money account to Standard Bank and start to access to other banking services not offered by mobile money.

Matseketsa

For his part, Airtel Money Country Director Francis Matseketsa said the joint financial service confirms Airtel Money as the market leader in mobile money transfers.

As a service, Airtel Money has gained massive acceptance from our growing customer base during its four years in operation. Across, Africa, Airtel Money is the most widely used means of money transfer. On the other hand, Standard Bank as a financial services provider is a market leader on the continent. This partnership is about two best brands working together for the mutual benefit of our shared customers, said Matseketsa

He said the partnership will save customers time and money and is backed by the robust ICT network platforms the two providers are backed up with.

About the service, Matseketsa explains, "If one has a bank account with Standard Bank, will be able to pull money from one's bank account into mobile money wallet then start to do all Airtel money services like send money to relatives, pay bills, even approach the nearest Airtel Money agent to withdraw cash. So that is convenience."

"Further more, They can also move extra-money in their wallet to their bank account. So you can imagine a farmer in the rural area they have sold their harvest and they get cash. They load cash within their area where there is no standard bank branch and they push that from mobile wallet of airtel money into their bank account and they can interact with their bank any time.