Airtel partners Mastercard to digitise payments for local consumers

11Nov 2019
By Guardian Reporter
The Guardian
Airtel partners Mastercard to digitise payments for local consumers

AIRTEL Tanzania announced a partnership with Mastercard through which a virtual card that will enable Airtel Money subscribers pay for goods and services to online merchants globally has been launched.

Airtel Money Director, Isaack Nchuda.

Powered by Mastercard’s global-best technology, Airtel Tanzania customers will be able to enjoy private, secure and seamless digital payments through this partnership. In addition, Airtel Money customers will also be able to make in-person payments at outlets via Quick Response (QR) codes from the mobile money platform’s wallet by scanning the QR code at any location that Mastercard QR is accepted.

Speaking in Dar es Salaam during the virtual card’s launch, Director of Airtel Money Services, Isaack Nchuda said in a rapidly digitised world, the partnership with Mastercard will improve payment services.

“Our partnership with Mastercard will help us accomplish our vision of providing unique and affordable services and products which fit in to the daily lives of customers. The launch of this Airtel Money Mastercard virtual card shows our commitment to support the Government’s ongoing financial inclusion initiatives,” Nchunda said.

He said the virtual card allows for Airtel Money subscribers to easily make payments at any online purchase point where Mastercard is accepted without the need for a bank account or credit card. 

Speaking at the same event, Adam Jones who is Vice President and Area Business Head for East Africa at Mastercard said the partnership will enable financial inclusion and access for millions of consumers in the country.

“Through our digital partnerships strategy, our aim is to continue offering easy, convenient and secure payment solutions that accelerate Tanzania’s digital transformation. In an evolving ecosystem, Mastercard is well positioned as a one-stop payments technology provider to lead the transition to digital for our partners across the Middle East and Africa, so that their consumers can enjoy a superior and world-class payments experience,” Jones said.

“Mobile money has already helped reduce transaction costs, improve safety for individuals and businesses, and enhance the efficiency of the economy by reducing the need for users to travel long distances to bank branches to make transactions in person,” he added.

In remarks during the launch, Selcom Tanzania’s Executive Director, Sameer Hirji affirmed his company’s commitment to continuously enhance its infrastructure and market positioning to be able to support and offer increasingly sophisticated and relevant payment instruments to partners such as Airtel and Mastercard.

“Selcom has been one of the few constants in the payments space over the past decade, and a pivotal force in the digitization of payments in Tanzania, and as we grow stronger we leverage on partnerships like this to deliver the financial inclusion promise to every Tanzanian,” Hirji said.

Airtel Money Tanzania is currently connected to over 1,000 billers including utility service providers and is also integrated with over 40 financial institutions which allow customers to make withdrawals and savings. In addition, the platform has more than 800 Airtel Money branches countrywide.