Airtel Africa, a UK-based mobile money company active in Africa, recently launched Smartcash Payment Service Bank (PSB), to expand the range of financial services it offers in Nigeria. The move follows Airtel Africa having received a “super-agent” licence from the Central Bank of Nigeria, enabling the company to
Tag: Bharti Airtel
MICROCAPITAL BRIEF: Mastercard Buying 3.8% Equity Stake in Mobile Money Unit of Airtel Africa for $100m
Mastercard, a US-based financial services company, recently agreed to pay USD 100 million for a 3.75-percent equity stake in Airtel Mobile Commerce, a subsidiary of the telecommunications company Airtel Africa that uses the trade name Airtel Money. Mastercard and Airtel Money plan to deepen their ongoing partnership in the areas of
MICROCAPITAL BRIEF: MoneyGram International, Airtel Africa to Offer Mobile Remittances
MoneyGram International, a US-based money-transfer company serving 200 countries, is partnering with Airtel Africa, a subsidiary of India-based telecommunications firm Bharti Airtel, to allow 19 million users of the Airtel Money service in 12 countries to receive MoneyGram remittances directly into their mobile wallets. These funds then can be withdrawn at Airtel Africa service locations