21 November 2012
BICS has entered into an agreement to facilitate mobile money transfers for Airtel Africa customers across the continent.
The move follows similar deals
with Vodafone and transfer specialist
Xpress Money announced last month.
Under the agreement, Airtel Money customers across Airtel
Africa’s 17-country footprint will be able to send
and receive money instantly using a money transfer service
supported by BICS’ HomeSend remittance hub.
"Mobile is seen as a viable channel to transfer money in
Africa. This agreement enables us to guarantee the availability
of money transfer services for our subscribers. It will enable
them to send and receive transfers in a safe and secure
environment. This partnership with BICS is another step by
Airtel Money to deepen financial inclusion, expand cashless
ecosystems and facilitate intra-Africa fund flows across our 17
markets," said Chidi Okpala, director of Airtel Africa and head
of Airtel Money.
HomeSend is a global service based on the technology of
BICS’ partner eServGlobal and connects telecoms
service providers, banks and financial organisations by
facilitating real time transfers of cash, credit card payments,
or direct bank transfers.
Through the agreement the Bharti Airtel subsidiary will extend
the international reach of its international money transfers
service to more global destinations.
"The Airtel Africa agreement enables mobile subscribers to send
and receive money transfers, opening up a two-way model in the
region," said Frederic Salmon, VP mobile financial services at
"As more and more leading operators join the community, the
scope of mobile money transfers will continue to increase and
this will contribute to our aim of developing a truly global
mobile remittance ecosystem."