MTN Rwanda and Bank of Kigali accelerating financial inclusion through innovative channels
MTN Rwanda and Bank of Kigali have partnered to improve access to mobile financial services (MFS) by enabling customers to move money between their MTN Mobile Money wallets and their Bank of Kigali accounts and vice versa.
All MTN Subscribers who are also customers of Bank of Kigali can now have their Mobile Money wallets linked to their Bank accounts, meaning that they can pull money from their Bank Accounts onto their mobile money wallet or push money from their wallets to their Bank accounts automatically.
MTN CEO, Ebenezer Asante, commended the partnership with Bank of Kigali and said it was yet another milestone to the success of MTN Mobile Money in Rwanda.
“At MTN we continuously strive to find opportunities that make the lives of our customers smooth and simplified, and our partnership with Bank of Kigali fits in perfectly with our on-going efforts to improve access to financial services for our customers,” Asante expressed.
Access to various innovative financial services under the Mobile Money platform is aimed at supporting the Rwandan Government’s efforts to deepen financial inclusion in the country and promote a cashless economy. MTN Mobile Money will continue to lead the way in pushing the ICT for development agenda.
MTN Mobile Money enables users to perform local money transfers, make utility and other service payments, purchase airtime and access a wide range of mobile financial products. As of December 2014, out of the 3.8 million subscribers that MTN has, close to 85% of them are registered on Mobile Money and equally good number actively use the service every month.
According to Dr. James Gatera, BK’s CEO, “The Bank remains committed to bringing innovative financial services closer to the Rwandan People. We believe this partnership with MTN will further strengthen our offering of branchless banking and financial inclusion solutions.”
In addition, Bank of Kigali customers can now use the MTN service centres and MTN Mobile Money agents to first load their wallets and then push the funds from their wallets to their bank accounts. On the other hand, the customer can indirectly load their wallets by depositing in their bank accounts at any of the BK branches, mobile vans and over 900 agents country wide.
The collaboration with Bank of Kigali forms part of MTN and BK’s renewed focus to deliver a distinct customer experience by providing value-added products and services.
Bank of Kigali continues to show its commitment to promoting financial inclusion in Rwanda through a number of innovative financial solutions, with the ‘push and pull’ service via MTN Mobile Money just being one of them.
For more information, please contact:
MTN PR Desk
Bank of Kigali (Marketing & PR)
About MTN Rwanda:
MTN Rwanda (MTN RWANDACELL Ltd) has been in operation since 1998 with over 3.8 million subscribers and still growing. In its vision of leading the delivery of a bold, new, digital world to our customers, the company offers new and innovative packages and services and keeps up with the latest trends in communications to satisfy its customers.
About Bank of Kigali:
Established in 1966, Bank of Kigali is the largest and best Bank in Rwanda by total assets. The Bank has a wide distribution network that includes self-service channels such as deposit-taking ATMs; point of sale terminals a well as channels that are geared towards promoting financial inclusion such as mobile vans and BK Yacu Agency Banking Service among others.