- October 21, 2019: Airtel Africa, one of the leading telecommunications service providers in 14
African countries, and Ecobank Transnational Incorporated ("ETI"), parent company of Ecobank, the first group
pan-African bank present in 33 countries have signed a partnership that will allow millions of customers
Airtel Money and Ecobank to improve their access to mobile financial services and carry out various
mobile transactions in Africa.
This partnership, subject to the approval of the regulatory authorities of each market, will allow customers
Airtel Money, make online deposits and withdrawals, make fund transfers locally and
internationally, in real time, make in-store payments and access loans and products
savings through Ecobank's dedicated digital financial services platform.
The partnership will also allow Ecobank corporate account holders to make
bulk disbursements, such as salary payments directly into Airtel Money wallets
Airtel customers. In addition, Ecobank may sponsor Airtel Money for the issuance of debit cards and
prepaid cards, virtual and physical, on behalf of its customers.
Raghunath Mandava, Chief Executive Officer of Airtel Africa, said: "This partnership is a
further proof of Airtel Africa's commitment to providing simple, affordable and
innovative for our customers in Africa. We will continue to offer M-Commerce solutions
locally relevant with partners such as Ecobank to improve the lives of our customers at
day-to-day. »
Ade Ayeyemi, CEO of Ecobank Group, said: "We believe that inclusion
finance can make a real contribution to economic development. The collaboration with the main
telecommunications service providers in Africa is therefore a key strategic factor in bridging
the gap between the banked and the unbanked, hence this partnership with Airtel Africa, which
makes Ecobank financial services available to any consumer with an Airtel line
registered on Airtel Money, in
the countries of our network, where regulatory authorizations allow it. This partnership, bringing vast
possibilities, will provide more convenience to customers, within the country, especially for
cross-border transactions and remittances in Africa. »
For further information, please contact:
Investor Relations
Pier Falcione
+44 20 7493 9315
Anna Kaim
+44 20 7493 9315

[email protected]
Media Relations
Contact and email of KEKST CNC
Michael Okwiri
[email protected]
Ecobank Group Communications
Christiane Bossom
[email protected]
Notes to Editors
About Airtel Africa
Airtel Africa (LSE: AAF; NSE: AIRTELAFRI) is one of the leading service providers of
telecommunications and mobile money, with a presence in 14 African countries, mainly in Africa
East, Central and West Africa. Airtel Africa offers its subscribers an integrated suite
telecommunications solutions, including mobile voice and data services as well as
national and international mobile payment services. The Group wishes to continue to supply
a simple and intuitive customer experience through streamlined customer journeys.
About Ecobank Group Founded in Lomé (Togo) in 1986, Ecobank Transnational Incorporated (“ETI”)
is the parent company of the first independent pan-African banking group, Ecobank. The Group currently has
banking subsidiaries in 33 African countries, namely: Benin, Burkina Faso, Burundi, Cameroon, Cape Verde,
Central African Republic, Chad, Congo
(Brazzaville), Congo (Democratic Republic), Ivory Coast, Equatorial Guinea, Gabon, Gambia, Ghana,
Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao
Tomé and Principe, Senegal, Sierra Leone, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe. the
Group also has a banking license in Paris, France and representative offices in
Addis Ababa, Ethiopia, Johannesburg, South Africa, Dubai, United Arab Emirates, London
in the UK and Beijing in China. ETI is listed on the Lagos, Accra and Economic Union stock exchanges
and West African monetary union (UEMOA) - the BRVM . The group is owned by more than 600,000 shareholders
local and international individuals and institutions. The group employs more than 16,000 people in 40
country. Ecobank offers retail banking, wholesale banking, investment banking and
asset management, offers payment services to international organizations and governments
through more than 800 branches and offices, more than 2,000 ATMs, internet banking
(ecobank.com) and mobile banking services.
ETI is listed on the Nigerian Stock Exchange, Lagos, the Ghana Stock Exchange in Accra and the Stock Exchange
Regional Securities in Abidjan.