Airtel announced on Tuesday that its mobile money platform, Airtel Money, was spreading to other African countries with the latest being Uganda which has launched the service.

Airtel Money service provides consumers with convenient access to affordable and innovative financial services through their mobile phones.

The platform, which already operated in Ghana, allows consumers to top up their phones with air time, send and receive money, pay their critical utility bills, access their bank accounts and withdraw Airtel money across all interswitch ATMs country wide.

A statement issued by Airtel in Accra on said the service was launched in Uganda on Monday.

It said the telecommunication company had partnered with leading international and regional banks to provide customers with access to deposit and withdraw cash, money transfers, banking services and pay bills.

These include Standard Chartered Bank, Post Bank, Pride Micro Finance, Centenary Rural Development Bank, Equity Bank, Diamond Trust Bank, United Bank of Africa, Kenya Commercial Bank, Baroda, Ecobank and Finance Trust Bank.

Mr. V.G. Somasekhar, Airtel Managing Director, said: “Mobile commerce has the ability to assist a large segment of the population due to its distribution network. Airtel Money’s new platform will provide consumers with a useful offering of products that cuts across Mobile banking including ATM transactions, utility bill payments, airtime top ups and Money Transfer services.”

Mr Somasekhar also noted that the rural populations had inadvertently been left out of the financial system due to cost and distance from urban centres.

“The Airtel Money Agent network throughout Uganda enables customers to transact money anywhere. There are more than 3,800 Airtel Money agents, ensuring the widest availability of Airtel Money throughout Uganda,” he said. GNA

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