Airtel and Standard launch mobile money platform

A mobile money wallet, Straight2Bank, which enables users to carry out transactions between their Standard Chartered Bank account and their Airtel money account, is operational in Zambia. Straight2Bank, launched by Airtel and Standard Chartered Bank, is expected to reduce the risk of fraud and theft common with cash payments, and to facilitate timely payments, giving the customers the flexibility to transfer money from their accounts to mobile wallets. The service is available internationally, thus simplifying international money transactions.