Bharti Airtel and MTN Partner for International Money Transfer - ITNewsAfrica

Vunderkind

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MTN Group and Bharti Airtel today announced a cross-border remittance partnership that seeks to remove the hassles of transferring money between Ivory Coast and Burkina Faso for the operators’ Mobile Money customers on either side of the border.

The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso to easily transfer money between the neighbouring countries. Until now, moving money between the two countries was mired by high fees, high usage of informal channels and a lack of proximity to withdraw money.

MTN and Airtel already enjoy great adoption of Mobile Money services in their respective footprints, and connecting their operations through remittance services appears a logical next step.

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Source: ITNewsAfrica
 

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