About 100 million customers in 14 African countries will now find it easy to transfer and receive money across borders. This is possible after Airtel Africa and Mastercard collaborated to launch a new cross-border remittance service.
These countries are Chad, Congo Brazzaville, Democratic Republic of Congo, Gabon, Kenya, Madagascar, Malawi, Niger, Nigeria, Rwanda, Seychelles, Tanzania, Uganda, and Zambia. Through instant delivery, dependable transfers, and reasonably priced transaction fees, the platform will hook up customers to wallets in 145 commercial centers.
This will be Mastercard’s second deal with Airtel. Mastercard has financed the sum of 100 million dollars, Airtel Africa’s mobile money business named Airtel Money in April 2021. This led to Airtel Money Zambia introducing a new online payment plan for customers whether they had bank accounts or not.
These customers had entry into Mastercard’s global network of retailers and an international digital commercial center for many online transactions.