Stanchart and Airtel Africa announce financial inclusion strategy
The Standard Chartered Bank has announced a partnership with mobile network operator Airtel Africa to increase mobile access services to customers across Africa. This will enable corporate clients to make rapid bulk transactions such as payroll processing directly into mobile wallets. At the same time, Airtel Money customers will be able to make real time online deposits and withdrawals from Standard Chartered bank accounts, access savings and credit facilities, and receive international money transfers directly to their mobile wallets.
Direct mobile money transfers from Standard Chartered Bank to Airtel Money are already in place in Kenya, Tanzania, Uganda, and Zambia.