Airtel Money and Absa Bank have announced the introduction of a new service that enables direct transfers from Airtel Money wallets into Absa Bank accounts. This is alongside the simplified payments to Absa merchant paybill numbers.
The integration is designed to enhance the speed, convenience and reliability of everyday transactions, particularly for SMEs that rely heavily on mobile money for operations. Businesses can now move funds seamlessly between mobile wallets and bank accounts, while also settling bills and merchant payments more efficiently.
Speaking on the launch, Airtel Money Managing Director Anne Kinuthia-Otieno said,
“At Airtel Money, we believe in fostering collaborative digital partnerships that help power the economy, meeting the needs of customers in rural and underserved areas where mobile money remains the most accessible financial tool. As customers increasingly demand payment solutions that are simple, fast, and reliable, this partnership addresses the long-standing friction points in digital payments, supporting the growth of small businesses and making digital payments work better for everyday life,” she said.
The partnership aligns with Absa’s strategy to position itself as a growth enabler for SMEs in an increasingly digital economy. Renato D’Souza noted that businesses are seeking more than traditional banking services.
“As a growth partner for our customers, we get to champion the kind of innovation that fundamentally shifts how businesses operate. Today’s SMEs are not just looking for banking services; they’re looking for ecosystems that help them move faster, stay agile, and compete in an increasingly digital marketplace. Our partnership with Airtel is a powerful step in that direction,” he said.
He added that enabling seamless transfers and simplifying merchant payments gives entrepreneurs greater control over their cash flow, improves efficiency and supports business growth in a rapidly evolving market.
Customers can access the service via the Airtel Money USSD code *334# or through the My Airtel App by selecting the Airtel paybill option, entering Absa’s paybill number (303030), and providing the relevant account or merchant details.
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