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    Suspected herdsmen ambush Benue policemen, kill DPO

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    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

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    PDP condemns Tinubu’s ‘sponsored’ attack on Buhari in Kano

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    DSS intercepts syndicates selling new naira notes, bank officials implicated

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    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

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    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

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    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

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    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    Buhari to unveil new naira notes Wednesday — no longer Dec 15

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    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
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    • Cryptocurrencies
    • Forex
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    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Local bourse Closed The Week Bearish… As the NGX-ASI fell by 0.18%.

    Local Bourse closed in Bullish Territory… As NGX-ASI at 0.31%

    NGX-ASI Turns Bullish…As Oil & Gas sector closed at a Gain of 1.58%

    The Okomu Oil Palm Plc announces N7.00 interim dividend for H1 2022

    Local Bourse Records 2nd Day Loss…… As NGX-ASI Decreases by 0.02%

    FGN Savings Bond rate rises above 12% in September 2022

    DMO offers N360 bn FGN Bonds for subscription in January

    FY 2020: Nigerian Breweries Plc reports 54.3% decline in profit

    Sellers Sway the Performance of the Equities Market… As NGX-ASI Dips By 0.09%

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    Directors of Geregu Power Plc approve dividend declaration for 2022 FY

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    Building a Successful Business Organization: Lessons from the Bible

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    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    37 years between the Buhari regimes… Economic lamentations remain the same

    37 years between the Buhari regimes… Economic lamentations remain the same

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

    FACT CHECK: Did Buhari inherit lowest oil production as Tinubu claims?

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Airtel Money customers to receive international money transfers directly to their wallets as the company partners with Standard Chartered Bank

Thursday, 13 August 2020, 12:08 pm
in Business, Companies
0
Nigerian Bourse closed in Green due to gains in AIRTELAFRI and BUACEMENT
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Telecom giant Airtel Africa Plc (NSE ticker – AIRTELAFRI), is expanding it fintech business across Africa. The company has signed a new partnership deal with Standard Chartered Bank, with the aim of driving financial inclusion across the key markets is Africa.

The partnership with the British multinational bank, which operates in over 60 countries globally, will enable Airtel Africa to provide its customers with increased access to mobile financial services. This is according to the publication signed by Simon O’Hara, Airtel Africa’s Group Company Secretary.

customers can now send or receive digital payments via Standard Chartered Bank directly to their mobile phones, as well as cash-out their funds at our exclusive kiosks and branches at their convenience.

Implication; Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts, receive international money transfers directly to their wallets and access savings products amongst other services.

“This means that customers can now send or receive digital payments via Standard Chartered Bank directly to their mobile phones, as well as cash-out their funds at our exclusive kiosks and branches at their convenience” Airtel Africa CEO said.

In order to improve financial services across Africa, Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial services.

  • Read also; Airtel Africa Plc Profit slumps by 57% in the first quarter of its financial year
  • Nigeria oil production declined to 1.373 million bpd in July – OPEC report

Commenting on the partnership, Raghunath Mandava, CEO, Airtel Africa, said: “Our relationship with Standard Chartered boosts financial inclusion across the continent, giving millions of people access to valuable banking services. We continue to invest heavily in cashing in and cashing out locations for our customers and increase our distribution.

“This means that our customers can now send or receive digital payments via Standard Chartered Bank directly to their mobile phones, as well as cash-out their funds at our exclusive kiosks and branches at their convenience. This highlights Airtel Africa’s commitment to providing affordable, innovative, best-in-class solutions to enhance the daily lives of our customers.”

The share price of Airtel Africa had remained unchanged at N348.00 per share on NSE since 16 July, because it did not trade the quantity that will initiate a price change, However, the share price rose by 9.2% to N380.00 on Wednesday. At the time of this report, it has not traded enough quantity to enable a price change on Thursday.

Written by;

Ifunanya Ikueze

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