Airtel Money and KCB Bank have today unveiled a partnership that will enable Airtel Money customers to deposit and withdraw cash. This will happen at over 22,000 KCB Agents across Kenya.
The collaboration is expected to deepen financial inclusion by supporting the ongoing efforts by industry stakeholders to promote interoperability across Kenya’s financial sector. This will reduce barriers to financial access, enhance customer experience and strengthen the digital financial ecosystem.
Airtel Money Kenya Managing Director Anne Kinuthia-Otieno said the collaboration reflects Airtel Money’s commitment to making financial services more accessible and convenient. country.
Airtel Money partnership with KCB Agents to improve financial inclusion
“By opening access to KCB’s extensive agent network, we are bringing Airtel Money services closer to more Kenyans and making it easier for customers to deposit and withdraw money. As Airtel Money continues to grow, partnerships such as this help us expand access to financial services. Also on the cards is Kenya’s financial inclusion agenda,” said Anne Kinuthia-Otieno.
KCB Bank Kenya Managing Director, Mrs. Annastacia Kimtai noted that the partnership reflects the Bank’s commitment to leveraging innovation and collaboration for and inclusive, interconnected financial services landscape.
“What we are doing is recognizing the fact that diverse and interconnected opportunities are still core to the mobile money value proposition. Reaching critical mass will require mobile money ecosystems to become more dynamic and productive. It is against this background that we are offering our agency network for more Kenyans to strengthen mobile money ecosystems and help the industry mature fully,” Annastacia noted.
Customers will require a valid national identification document and a registered Airtel Money account to access the service. Deposits will be free, while standard withdrawal charges will apply.
KCB’s non-branch solutions, including its agency banking network, continued to play a pivotal role in driving customer convenience, accessibility, and operational efficiency.
Notably, the deal comes as KCB continues to bolster its agency banking capabilities through the acquisition of Riverbank Solutions. KCB intends to deploy its robust social payments and Enterprise Resource Planning (ERP) solutions. KCB has deepened its digital channels offerings with 99% of transactions being conducted through non-branch channels.
