KCB and Airtel Money in Kenya Partner to Strengthen Digital Payments.
Airtel Money and KCB Bank have unveiled a new partnership. It will enable Airtel Money customers to deposit and withdraw cash at the over 22,000 KCB Agents across the country.
The collaboration is expected to deepen financial inclusion by supporting the ongoing efforts by industry stakeholders. This partnership will promote interoperability across Kenya’s financial sector. Not only will it reduce barriers to financial access but also enhance customer experience. Ultimately strengthening the country’s digital financial ecosystem.
Airtel Money Kenya Managing Director Anne Kinuthia-Otieno said the collaboration reflects Airtel Money’s commitment to making financial services more accessible and convenient in the country.
She said,“By opening access to KCB’s extensive agent network, we are bringing Airtel Money services closer to more Kenyans. We are making it easier for customers to deposit and withdraw money wherever they are. As Airtel Money continues to grow, partnerships such as this help us expand access to financial services. As well as while support the country’s financial inclusion agenda.”
KCB Bank Kenya Managing Director, Mrs. Annastacia Kimtai noted that the partnership reflects the Bank’s commitment to leveraging innovation and collaboration to create a more inclusive and interconnected financial services landscape.
She noted, “What we are doing is recognizing the fact that diverse and interconnected opportunities are still core to the mobile money value proposition. Reaching critical mass will require mobile money ecosystems to become more dynamic and productive. Such a move will enable mobile money services to take root, proliferate, and scale up. It is against this background that we are offering our agency network for more Kenyans to strengthen mobile money ecosystems and help the industry mature fully.”
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Working Together Towards Financial Inclusion
The collaboration is expected to deepen financial inclusion by supporting the ongoing efforts by industry stakeholders to promote interoperability across Kenya’s financial sector, reducing barriers to financial access, enhancing customer experience and strengthening the country’s digital financial ecosystem.
Customers will require a valid national identification document and a registered Airtel Money account to access the service. Deposits will be free, while standard withdrawal charges will apply
