Wednesday, 6 August 2014

MTN partnering with banks and making mobile phone an e-wallet

Mobile and online payments can now be so easy and the perils of physically handling money would now be condensed with effective ways of paying for goods, services and bills at any time of the day, without having to be physically present as MTN Rwanda has set in motion a partnership with KCB, RSwitch and I&M Bank which wishes to mend access to financial services.

With the partnership, MTN Mobile Money subscribers will be able to transfer money between their Mobile Money and KCB bank accounts and withdraw money from their Mobile Money wallets using I&M ATMs and other RSwitch connected ATMs, without the use of a bank card to start the transaction.

According to the General Manager of MTN Business, Noman Munyampundu "MTN is constantly finding new ways of delighting customers through our digital strategy. These services are truly unique as they cater to both the banked and the unbanked population of the entire country."

"KCB's partnership with MTN Mobile Money is a game-changing endeavour which aims to improve lives, create jobs, spawn new enterprises, expand financial inclusion and promote a cashless economy in Rwanda. This service will enable customer to access their banking services through the Mobile money platform at their own convenience," said Monica Keza, the head of Banking and Channel.

RSwitch head of projects Catherine Ngali said they are happy to partner with MTN and the banks in providing card-less cash withdrawal services through the RSwitch Smartcash ATM network to MTN customers.


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