MTN Rwanda has launched a partnership with KCB,
With the partnership, MTN Mobile Money subscribers will be able to transfer money between their Mobile Money and KCB bank accounts and withdraw money from their Mobile Money wallets using I&M ATMs and other RSwitch connected ATMs, without the use of a bank card to initiate the transaction.
"MTN is constantly finding new ways of delighting customers through our digital strategy. These services are truly unique as they cater to both the banked and the unbanked population of the entire country," said the general manager of MTN Business,
With the new service, the risks of physically handling money are reduced by creating efficient ways of paying for goods, services and bills at any time of the day, without having to be physically present.
"Being able to access your Mobile Money through ATMs or bank integration services opens up a new way of banking, effectively turning your mobile phone into an e-wallet with the convenience of being able to withdraw or transact money 24/7," Munyampundu said.
"KCB's partnership with MTN Mobile Money is a game-changing endeavour which aims to improve lives, create jobs, spawn new enterprises, expand financial inclusion and promote a cashless economy in
RSwitch head of projects Catherine Ngali said they are happy to partner with MTN and the banks in providing card-less cash withdrawal services through the RSwitch Smartcash ATM network to MTN customers.
Ngali indicated that the new service is another step towards 'fully functioning' mobile wallets, adding that the company will continue to provide the latest solutions to enhance customers' day-to-day financial experiences.
On his part,
Since 2010, MTN Mobile Money service has registered almost 1.7 million users. From January to
MTN officials say that they hope to partner with more banks in the near future.
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