MICROCAPITAL BRIEF: Airtel, Ghana Post to Expand Mobile Money Service “Airtel Money” to 350 Post Offices

Airtel Ghana, a subsidiary of Indian telecommunications company Bharti Airtel, and Ghana Post, the country’s postal service provider, reportedly have announced a partnership to expand the availability of the Airtel Money service from the previous 150 to all 350 Ghana Post outlets nationwide. Through the outlets, customers of the mobile money service will be able to send and receive money to other users via short message service (text messaging) and make transfers to bank accounts including to pay bills.

As of December 2013, Bharti Airtel had approximately 287 million subscribers in 20 countries across Africa and Asia.

By Juan Blanco, Research Associate

About Bharti Airtel

Founded in 1995, Bharti Airtel (Airtel) is an Indian telecommunications company headquartered in New Delhi, India. Airtel operates Airtel Money, whereby users can transfer money, pay bills and perform financial transactions directly from their mobile phones. As of August 2012, Airtel’s total assets were at USD 636 billion. As of December 2013, Airtel claimed approximately 287 million subscribers in 20 countries across Africa and Asia.

Sources and Additional Resources

[1] Telecompaper, “Airtel Ghana expands mobile money service to post offices,” 2014, http://www.telecompaper.com/news/airtel-ghana-expands-mobile-money-service-to-post-offices–1008059

MicroCapital, May 2, 2014, “Airtel Ghana, MicroEnsure, Enterprise Life Roll Out Free Mobile Accident Insurance in Ghana,” https://www.microcapital.org/microcapital-brief-airtel-ghana-microensure-enterprise-life-roll-out-free-mobile-accident-insurance-in-ghana/

MicroCapital, April 17, 2014, “Airtel, MTN Group Partner to Provide Mobile Money Transfers Between Burkina Faso, Ivory Coast,” https://www.microcapital.org/microcapital-brief-airtel-mtn-group-partner-to-provide-mobile-money-transfers-between-burkina-faso-ivory-coast/

MicroCapital, February 18, 2013, “Airtel Mobile Money Service Expands to Post Offices in Madagascar,” https://www.microcapital.org/microcapital-brief-airtel-mobile-money-service-expands-to-post-offices-in-madagascar/

MicroCapital Universe Profile: Bharti Airtel, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Bharti+Airtel

Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/

Similar Posts: