New 2024 Report: Payments and E-Commerce in Africa

Provided by one of the globally largest Telecom companies Bharti Airtel, Airtel Money has become a market leader in payments in multiple African markets. With over 38 million active users, Airtel Africa is processing mobile payments with a value of over 9 billion USD a month.

Airtel Money allows users to perform a variety of financial transactions directly from their mobile phones. They can send money to their family and friends (peer-to-peer), purchase airtime, make bill payments for utilities such as electricity, water or internet and they also can receive governmental payments such as social benefits and pensions directly on their mobile wallet. But Airtel Money is especially used to do all the day-to-day purchases with merchants, both offline and online.

Overall, Airtel Money plays a crucial role in enhancing financial inclusion across many African countries, providing convenient and secure financial and payment services to millions of users who may not have access to traditional banking or cards.

Offering Airtel Money in their online checkout gives international merchants a great opportunity to reach and benefit from a large and growing user base in booming markets, they could not reach before.

 

Product features
  • Regions Africa
  • Countries Tanzania • Uganda • (more countries coming soon)
  • Payment method type Digital Wallet
  • Refund Yes
  • Partial refund Yes
  • Recurring No
  • Chargeback risk No
  • Processing currencies EUR • USD • GBP
  • Settlement currencies EUR • USD • GBP