-1.40 (-0.07%) 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.