Monday, March 4, 2024
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PostBank, Airtel Partner To Enhance Financial Inclusion Through Zero Charges On Bank To Wallet Transfers

R-L:  PostBank Chief Retail Officer, Ibrahim Kato, PostBank Executive Director Andrew Kabeera, Managing Director, Julius Kakeeto, Airtel Money MD Japhet Aritho, Public Relations Manager David Birungi and Muhimbo Doreen from Airtel money
PostBank Uganda has partnered with Airtel Money in a strategic move aimed at fostering financial inclusion by eliminating charges on all transfers made from the PostApp and PostMobile to Airtel Money wallets.

This initiative seeks to reduce the financial burden on PostBank customers while enhancing their access to a wide range of financial services through the extensive network of Airtel Money agents across Uganda.

This partnership is a proactive approach aimed at addressing the challenge of the ever-rising cost of living, as we strive to make financial services more affordable and accessible for our customers.

As a bank committed to promoting financial inclusion, PostBank Uganda recognizes the importance of leveraging partnerships to expand access to financial services for all Ugandans. With this partnership, PostBank customers will enjoy the convenience of transferring funds from their bank accounts directly to their Airtel Money wallets at zero cost. This seamless integration between PostBank and Airtel Money will empower customers to manage their finances more efficiently and securely, regardless of their location.

“Our partnership with Airtel Money is focused on improving financial inclusion and addressing the needs of millions of customers in Uganda who lack access to banking and financial services. This not only demonstrates our mutual dedication to fostering meaningful transformation but also highlights our collective pledge to positively impact the lives of Ugandans,” said Julius Kakeeto, the Managing Director of PostBank Uganda.

PostBank and Airtel Money officials addressing the press during the launch of the partnership

Commenting on the partnership, Japheth Aritho, the Managing Director of Airtel Money, stated, “This partnership is very instrumental. Issues encountered by customers, such as the high cost of cashing out, have been addressed by eliminating transfer charges from the bank to the wallet. Any funds saved today can be directed towards a meaningful purpose.”

He also added “At Airtel Money, we believe in financial inclusion for all. We believe in empowering Ugandans with the tools to manage their money effortlessly, securely, and affordably. This partnership brings us closer to that vision, making digital payments a seamless reality for our customers.”

This partnership between PostBank Uganda and Airtel Uganda reflects their shared vision of driving financial inclusion and prosperity for all Ugandans. Eliminating obstacles to digital financial transactions and promoting collaboration between the banking and telecom sectors will pave the way for a more financially inclusive future in Uganda.

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