MoneyWorks4Me

Bharti Airtel enters into tie-up with Tigo and Zantel for mobile money transfer

05 Jun 2014 Evaluate

Bharti Airtel has entered into tie-up with African telecom operators Tigo and Zantel for providing customers in Tanzania mobile money transfer service across networks. The service is expected to start this month. Following this agreement, customers of the three firms will be able to send money by mobile to each other by either using Airtel Money, Tigo Pesa or EzyPesa.

This is the first agreement in Africa to adopt such interoperability whereby mobile network operators allow their customers to send and receive money across their networks and the e-money goes directly to the respective customer’s e-wallet account.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Peers
Company Name CMP
Bharti Airtel 1866.00
Vodafone Idea 14.10
Indus Towers 384.00
Tata Communications 1772.80
Railtel Corp. India 264.85
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