Access Bank Zambia Limited partners with MTN Mobile Money

The service allows Access Bank customers to transfer funds to any MTN Mobile Money wallet in Zambia
 
Lusaka, Zambia – Wednesday, 13 February, 2019 - Access Bank Zambia, one of Zambia’s emerging banks has partnered with MTN Zambia to allow Access Bank Zambia customers to transfer money from a bank account to an MTN Mobile wallet and vice versa by simply dialling *801#. This is a significant step to improve the quality of service as well as enhance financial inclusion.

The new service allows Access Bank Zambia customers to conduct mobile money transfers to MTN Mobile Money and vice versa. To transfer money from an Access bank account a customer will first have to dial *801# > Mobile Wallet > Link Account to Wallet. After that, the user will be able to transfer money from Access account to MTN wallet and vice versa.

Introducing this new service, the Managing Director Access Bank Zambia, Mrs. Joana Bannerman indicated that the Bank is continuously pursuing its retail banking strategy by enhancing the efficiency of its electronic banking services.
 
She conclusively said, “We are rigorously working to create a seamless system for business transactions irrespective of your location in Zambia, to make banking services affordable, secure and convenient for everyone.”
According to the Bank, one of the major advantages of the service, which is available on mobile phones, is that it does not require internet to operate. The ultimate aim for the Bank is to make banking available no matter where you are in Zambia.

This service according to MTN Zambia General Manager for Mobile Financial Services, Mr. Edmund Barwuah “will help bridge the financial and technological divide that limit the opportunity that Zambians can benefit from these services.”

Mr. Barwuah pointed out that this is the next phase in broadening the offering of financial services product to the unserved and underserved population in Zambia and deliver relevant and innovative mobile solutions to help customers overcome their daily challenges, once again offering Zambians the tools to feel free and improve their lives. 
 
Mr. Barwuah further noted that the launch of a strategic partnership with Access Bank will enable thousands of customers across Zambia to send and receive money from their bank accounts to their mobile phones and vice versa.

MTN Mobile Money has over 3.5 million customers who once registered can enjoy access to convenient ways of mobile commerce services such as; deposit and withdraw cash, money transfers, banking services, paying bills, buying goods and access to more than 17,000 Mobile Money agents throughout Zambia.

This collaboration provides Access Bank customers and MTN Mobile Money customers with new and exciting capability and flexibility of moving funds around. The introduction of the MTN wallet is in line with the Bank’s 5-year strategy, which is expected to accelerate the Bank’s growth and position it as a leading Bank across its various operating markets by 2022.

Last year the Bank unveiled its remittance payment platform “Access Africa” across its operational countries to remove boundaries across Africa to enable both customers and non-customers transfer money conveniently across Africa.

Access Bank Group is made up of eight (8) African markets spanning Sub-Saharan Africa’s three monetary zones, the Far East, Middle East, Asia and the United Kingdom. The Bank will continue to invest in its operations and is poised to become the world’s most respected African bank.

----ENDS---
Shelly Akyeh
Head, Corporate Communications
+260 211 227941
Shelly.Akyeh@accessbankplc.com
Interact with Access Bank on Facebook:
Access Bank Zambia Limited
Andrew Chinambu
Corporate Communications Officer
+260 966 165671
Andrew.Chinambu@accessbankplc.com
Interact with Access Bank on Facebook:
Access Bank Zambia Limited


About Access Bank Zambia
Access Bank Zambia Limited is a member of the Access Bank Group, a leading multinational financial services franchise made up of seven African banking subsidiaries and one in the United Kingdom. The Bank currently operates through a network of about
 
366 branches across major cities and commercial centres in Nigeria, Gambia, Ghana, Sierra Leone, Zambia, Rwanda and Democratic Republic of Congo.

Over the past years, the Bank has successfully established representative offices in Dubai, Lebanon, Hong Kong and Shanghai.

Access Bank started operations in Zambia in September 2008 and delivers full-scope commercial banking products and services. The bank currently has six branches and two agencies. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant.

About MTN Zambia
MTN Zambia is part of the MTN Group a multi-national telecommunications company with a footprint in 22 countries in Africa and the Middle East.  It started its operations in Zambia in 2005 after acquiring the then Telecel. It initially started as an exclusive GSM network providing voice and Short Message System (SMS) services.
 
The portfolio has grown to include voice (local and international), data, fixed and wireless internet, money transfer and other value added services.
 
The company is Zambia’s market leader with the largest market share providing communications solutions across all the 10 provinces of Zambia. MTN Zambia’s footprint is covered by 4G, 3G, Edge and 2G networks.
 
MTN Zambia is the country’s fastest growing and most innovative network and is highly acclaimed for its quality network and dynamic tariff billing system. The company puts its customers at the forefront and uses its position on the market to uplift people’s lives and communities through a robust Corporate Social Investment programme in Education, Health (United Against Malaria), and preservation of the country’s cultural heritage through sponsorship of traditional ceremonies.

 About JUMO
JUMO is a rapidly scaling technology company providing information services, financial infrastructure and products designed to reach the 80% of the world’s population who are excluded or underserved by traditional financial services. JUMO partners with forward-thinking businesses such as banks and mobile networks to reach these customers, operating inclusive marketplaces for digital financial services.