Airtel Tanzania has teamed up with I&M Bank Tanzania to bring a mobile money service to market that will allow customers to make payments without having enough funds in their digital wallets to benefit from financial inclusion in the African country support financially.
Kamilisha’s overdraft service enables Airtel Money customers to cancel transactions such as
In a statement, Airtel Tanzania stated that the new offer is made possible by I&M Bank Tanzania, which ensures that money transfers are not refused in accordance with the terms and conditions.
The director of the Airtel Money operator in the country, Isaac Nchunda, described it as a service that “has always looked for innovative ways to meet customers’ daily needs,” particularly the simplicity of financial transactions.
He also promised that the operator will focus on finding new options to “transform customers’ lives and provide financial assistance”.
The move came after an analysis found that the main barriers to transactions through Airtel Money were related to a lack of funds in customers’ digital wallets.
In March, the operator group announced that it would sell a portion of the unit for $ 200 million.
Mobile money was one of the main drivers behind Airtel Africa’s 33.9 percent revenue growth in the second quarter of 2020 (through September 2020).
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