, NAIROBI, Kenya, Sep 10 – Airtel Money has announced the establishment of a strategic partnership with MMI Holdings Limited, a leading insurance-based financial services company listed on the South African stock exchange.
This new agreement eases Airtel Money Customers’ access to insurance and micro savings services.
The partnership between both entities enables MMI’s brand, Metropolitan, to market and sell its products through Airtel’s extensive telecommunications networks in five countries: Ghana, Kenya, Nigeria, Tanzania and Zambia.
Commenting on the partnership, Director and Africa Head, Airtel Money Chidi Okpala, says Airtel customers are poised to benefit greatly from this new agreement which eliminates all the hassles and complications involved in buying insurance and micro savings services.
Okpala says that by launching this partnership with MMI Holdings, Airtel aims at bringing relevant services to the fingertips of millions of people across Africa.
“The mobile handset is the device that is changing the lives of people across the African continent for the better. By giving its customers access to insurance services, Airtel is giving them the freedom to achieve their goals in life,” he said.
He said that a huge chunk of the African population doesn’t have access to financial services; however the mobile telephony penetration rate in Africa keeps growing each year.
“At Airtel, we have identified the gap in the market and we’ve decided to fill it. The strategic partnership we have struck with Metropolitan will allow millions of our customers to have peace of mind,” concluded Okpala.
On his part, Metropolitan International Chief Executive Officer Mervyn Cookson said that they are delighted to be partnering with Airtel who share their vision to reach and improve millions of lives with innovative and affordable financial solutions.
Cookson said that this partnership will forge a completely new path for financial services in Africa.