AIRTEL TO DISBURSE TZS 1.6 BILLION TO CUSTOMERS

Airtel Tanzania Public Relations Manager, Jackson Mmbando (right) speaks in Dar es Salaam while announcing disbursement TZS 1.6bn/= to Airtel Money customers and agents across the country. The disbursement is interest derived from their use of Airtel Money services for the quarter ending September 2022 after an approval by the Bank of Tanzania (BOT). He is flanked by Head of Airtel Money services, Daudi Ndovu.

Head of Airtel Money services, Daudi Ndovu (left) speaks in Dar es Salaam while announcing disbursement TZS 1.6bn/= to Airtel Money customers and agents across the country. The disbursement is interest derived from their use of Airtel Money services for the quarter ending September 2022 after an approval by the Bank of Tanzania (BOT). He is flanked by Airtel Tanzania Public Relations Manager.

• Airtel Money Customers and Agents to enjoy interest payment.

Dar es Salaam, Wednesday February 8, 2023: Airtel Tanzania the Smartphone Network is set to disburse TZS 1.6bn/= to Airtel Money customers and agents across the country. The disbursement is interest derived from their use of Airtel Money services for the quarter ending September 2022 after an approval by the Bank of Tanzania (BOT).

Interest disbursement is money given back to Airtel Money customers and agents on a quarterly basis based on the balance amount they have in their Airtel Money Wallets/accounts at the end of each day. The amount earned by customers depends on how frequently they use the Airtel Money services and top up their account. The money earned as interest is sent to customers via Airtel Money wallet/ account. Airtel Money customers can choose to withdraw money from our robust AM Agent network, transfer to an Airtel Money savings account, pay for services through Merchants or pay bills such as DAWASCO, LUKU or any other bills.

Speaking in Dar es Salaam while announcing the interest disbursement to Airtel Money customers, Head of Airtel Money services, Daudi Ndovu said that “The Interest earned will be distributed to all Airtel Money Customers and Agents across the country who have used Airtel Money services for the last 3 months”.

“Our aim is to continue to support the Government Agenda in promoting financial inclusion, today we are distributing TZS 1.6 billion accrued interest for the period of July to September 2022 quarters. We are happy with the growth pace of our Airtel Money services that allows more customers to use affordable secured, easily accessed products and services. We encourage more customers to use Airtel Money and get the benefit of receiving interest every quarter,” said Ndovu.

Ndovu added “Airtel is committed in improving and bringing Airtel Money services closer to our customers and addressing the gap of unbanked population across the country. In promoting financial inclusion, Airtel Money recently launched Bila Tozo Promotion which is aimed at promoting businesses across the country by making payments easy and affordable ensuring customers are getting more for less. Airtel Money Bila Tozo is aimed to build an inclusive financial ecosystem as every Tanzanian will have access to affordable Airtel Money services that cater for their day-to-day transactions - be it payments, sending and receiving money. said Ndovu.

Speaking at the same occasion, Airtel Tanzania Communications Director Beatrice Singano said that Airtel Tanzania continues to invest in expanding its Airtel Money distribution and payment infrastructure to provide the best mobile money services across Tanzania. We are proud to have deployed a robust Merchants network and more than 3,500 Airtel Money exclusive shops across the country, to complement the existing Airtel Money Wakalas network of over 170,000 Airtel Money Wakala.

‘We will continue to deploy state of the art services and ensure our customers enjoy accessible and affordable quality services wherever they are 24/7 at the comfort of their homes or businesses,’ added Singano.