MTN, Bharti Airtel to collaborate in remittance partnership - CNBC Africa

MTN, Bharti Airtel to collaborate in remittance partnership


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MTN mobile money enables users to perform local and international money transfers. PHOTO: Getty Images

The partnership, which seeks to remove the hassles of transferring money between Côte d’Ivoire and Burkina Faso, will enable mobile money customers of MTN Côte d’Ivoire and Airtel in Burkina Faso to easily transfer money between the two countries.

“MTN has reached a great level of adoption of mobile money in Côte d’Ivoire, and Airtel has done the same in Burkina Faso. With a sizeable community of Burkinabe working in Côte d’Ivoire and sending money back to their home country, the partnership will greatly enhance the mobile money service for customers in both countries,” said [DATA MTN:MTN Group Ltd.] chief commercial officer, Pieter Verkade.

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“MTN brings the same added value to international transfers that we offer in local transfers, reliable, instant, affordable and proximity with customer through our distribution network.”

Bharti Airtel Limited, a global telecommunications company, has operations in 20 countries across Asia and Africa.

Chidi Okpala, Airtel Africa group director for Airtel Money, said, “This partnership between Airtel and MTN is quite symbolic, the first time that two leading providers of mobile money services are cooperating to offer a service.”

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“Secondly, this is the first cross-border mobile to mobile remittance service in West Africa and it has been designed to eliminate current pains associated with remitting funds between both countries while offering best-in-class security that protects the ‘sweat’ of hard working Burkinabes that want to remit funds back home to their loved ones,” he said.

Verkade also paid tribute to the Central Bank of West African States (BCEAO) for its support in enabling this service to the customers.