Airtel Money, Mastercard partner to transform digital payments

26Feb 2020
The Guardian Reporter
Dar es Salaam
The Guardian
Airtel Money, Mastercard partner to transform digital payments

AIRTEL Money subscribers in the markets can now use Mastercard QR Code to make payments through their mobile phones thanks to an agreement made between the two companies yesterday.

Airtel Money director, Isaack Nchunda (C) congratulates Mastercard director and country manager for East Africa, Frank Molla (L) after unveiling a partnership that will allow Airtel Money in Dar es Salaam yesterday. Right is Selcom development manager, Benjamin Mpamo. Photo courtesy of Airtel.

In a statement, Airtel Tanzania Limited said its partnership which also involves Selcom, will allow customers to scan and pay through Mastercard QR Code from the newly updated Airtel Money application dubbed, ‘My Airtel Africa App.’

The mobile phone services company said the partnership is aimed at transforming digital payments in the domestic market by enabling customers to make safe and secure mobile money payments online, and in shops.

Speaking in Dar es Salaam yesterday during the launch, Airtel Money Director, Isaack Nchunda said their platform is not only a payment solution, but also a vehicle with a range of digital financial options where customers have access to easier and faster transactions on their mobile phones.

“Airtel has been developing innovative and unique products and services that are in line with the current and fast developing lifestyle of our customers. We have been working extra hard to enhance and promote financial inclusion in our country, which is also one of the main economic drivers advocated the government,” Nchunda said.

“With the launch of the Mastercard QR and virtual card digital payment solutions, we are strengthening our offerings to ensure  customers have safe, quick and convenient payment options on their mobile phones,” Nchunda added.

Commenting on the partnership, Mastercard’s Director and Country Manager for East Africa, Frank Molla said the deal will continue strengthening the digital partnership strategy with Airtel in Tanzania.

“Our aim is to offer easy, convenient and secure payment solutions that accelerate Tanzania’s digital transformation and advance financial inclusion. Airtel’s mobile money application now provides access to Mastercard’s global network of merchants, and customers without a bank account will also be able to make online payments globally with their Airtel Money Mastercard virtual card,” Molla added.

Selcom’s Executive Director, Sameer Hirji said Airtel Money has contributed greatly towards financial inclusion and Selcom is pleased to have been a part of the process enabling almost 50,000 merchants to receive payments digitally without the customer incurring any costs.

“Selcom looks to further this initiative through the financial empowerment of the merchant by creating access to finance to make it possible for the merchant to borrow to grow - whether it is through the provision of much-needed cash injections or setting up mechanisms to mitigate against shocks,” Hirji noted.