Access Bank, MTN Seal Pact

Access Bank, MTN Seal Pact

THE increase in the use of technology is an opportunity to drive the financial inclusion agenda, says Access Bank Zambia managing director Joana Bannerman.

Ms Bannerman said this at the launch of a Mobile Banking Integration with MTN Mobile Money in Lusaka on Wednesday.

She said Access partnership with MTN Mobile Money would enable bank customers and mobile money subscribers to transfer funds between their mobile Money Wallet and Access Bank accounts.

“This service allows Access Bank Zambia customers to transfer money from a bank account to an MTN Mobile wallet and vice versa,” Ms Bannerman said

Ms Bannerman said this was a significant step to improve the quality of service as well as enhancing financial inclusion in Zambia.

Customers, could register for the service to transfer money, buy airtime, check account balances, pay bills, transfer funds between their accounts and the third party banks.

Additionally, customers would be able to transfer their money to MTN Mobile Money accounts.

“Digital Banking is gradually changing the behavioural patterns of the ordinary consumer and the increase we see in the use of technology is an opportunity to us to drive the financial inclusion agenda,” Ms bannerman said.

MTN Zambia General Manager – mobile financial services, Edmund Barwuah, said the service would enable people make necessary transactions from the comfort of their homes.

Mr Barwuah said the integration would enable people pay their children’s school fees without any difficulties.

He said the service would allow customers to access loans, enable them to pay bills of any kind such as Dstv and water bills.