AIRTEL Tanzania to disburse over 2bn/- to its over 10 million users

15Jan 2022
By Guardian Reporter
Dar es Salaam
The Guardian
AIRTEL Tanzania to disburse over 2bn/- to its over 10 million users

​​​​​​​AIRTEL Tanzania Plc has started to disburse over 2bn/- to its over 10 million Airtel money users in the country as interest accrued from July to September 2021.

Speaking in Dar es Salaam recently about the interest pay-out, the company’s Director of Airtel Money, Isaack Nchunda said: “We are extremely gratified to see the growth of Airtel money users day after day. Airtel Money service continues to be a major foundation for our customer’s economic activities.

He added: “We are currently disbursing 2,011,886,007 billion Shillings to our customers who have been using the platform over this period, and the payments go directly into their Airtel money accounts.”

He said the interest will be paid to individual customers, retail agents, and other Airtel money business partners based on their Airtel money wallet transactions.

Share of interest is dependent on the level of activity the user has had on Airtel Money for the said period, he said, adding that such activities include transfers, bill payments, and airtime purchases to name a few.

Upon receiving the disbursed amount, Airtel money customers can redeem the interest via cash withdrawal, airtime, or bundle purchases, and transact the bonus to pay bills or purchase products.

Nchunda said: “This revolutionary mobile money platform has played a huge role in building final inclusion and access to services in the country. Women and youth have seen the ease and convenience of using Airtel Money and are taking advantage of the numerous Airtel Money services that simplify and improve their lives.”

He said the company’s service has also been a key resource empowering small businesses, noting Airtel’s priority is to make sure that the platform remains the most agile and responsive to customer needs.