Kampala, Uganda/ New Delhi, India – 25 August 2020 – Airtel Uganda, together with Comviva Airtel’s technology partner, has today been announced the winner of the 2020 Digital Wallet Innovation Award, Airtel Uganda was the overall winner of the ‘Market Adoption’ category.
The recognition by Aite Group, a global research and advisory firm, was presented virtually during the Mobile Payment Conference held on Monday.
Aite Group annually recognizes innovation by digital wallet providers that are changing the way commerce is done. The winners are selected by a global panel of independent experts on digital payments and wallets.
Digital wallets are becoming the engines of commerce, and with the COVID – 19 pandemic, their importance to consumers is great than ever”, said Thad Peterson, senior analyst at Aite Group. “And as can be seen with Airtel Money Uganda, they have the power to move complete economies,” said Peterson.
Commenting about the award, Airtel Uganda Chief Commercial Officer, Mr. Amit Kapur said, “This award recognises our effort towards making Airtel Money a world-class service, and Airtel Money’s revolutionary impact on increasing financial inclusion, digitizing payments and creating a digital cash-lite Uganda. The award has come at a right time, when Airtel Africa is celebrating its 10th Anniversary.” “At Airtel our aim is to leverage the transformative power of mobile money to enrich the lives of people. Hence, in the last few years we have evolved Airtel Money by introducing new services, expanding the Airtel Money agent network and adding new partners,” further added Amit.
Airtel partners with multiple utilities providers, billers, merchants, businesses, international remittance partners, Commercial banks and the Government of Uganda to facilitate payments and collections for these partners and facilitate the public make payments to these services.
The rich portfolio of services is complemented by an expansive Airtel money distribution network of over 102,000 active Airtel money agent and over 850 active and dedicated Airtel Money Branches spread across Uganda, providing last-mile services like cash deposit, withdrawals and customer support services to Airtel Money customers. Airtel Money Uganda is powered by Comviva’s mobiquity® Money platform.
“We are glad to be the technology partner of Airtel Money in Uganda and are happy to support Airtel’s mission of providing swift, seamless and secure digital financial services that are helping people to live better lives. This award validates our ability to bring innovative fintech services to the forefront in emerging economies. We are happy that mobiquity® Money is leading the way in digitizing economies and impacting lives of millions of people globally,” said Suresh Khosla, Head of Airtel Business at Comviva.
Airtel Money is one of the leading mobile money services in Uganda meeting the financial needs and aspirations of millions of Ugandans. Launched in 2012, Airtel Money has evolved over the past 8 years from a service that enabled person to person domestic transfers, to a service that provides a wide range of diverse financial use-cases including; International Money Transfer, transfers between bank account and Airtel Money wallet, purchase of Airtel voice and data bundles, utility bill payments, tax payments, school fee payments, merchant payments (Airtel Money Pay), bulk payments, business payments, micro-loans (Wewole loans), group savings by VSLAs (Airtel Weza) and M-SACCOs. Airtel Money has become all the more important in times of the COVID-19 pandemic, as it provides a hygienic and safe option to make payments remotely from home or without any contact with merchants, thus facilitating social distancing.
Comviva’s mobiquity® Money
Comviva’s mobiquity® Money is the world’s leading mobile money platform that delivers a host of digital financial services that transform the way consumers save, borrow, transfer and spend money. It is designed to seamlessly integrate consumer touch points with a wide ecosystem of banks, billers, merchants and third-party payment systems, creating a convergence powered by interoperability. It provides financial services to over 120 million consumers globally and processes more than 7 billion transactions amounting to over $130 billion annually.
Note: mobiquity® is the registered trademark in India only.
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East, Central and West Africa. Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally. The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys. https://airtel.africa/
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Contact: +91- 124-481 9000