The Mastercard virtual card allows Airtel Money customers, even those without a bank account, to make payments to local and global online merchants that accept Mastercard cards, while ensuring that the customer’s financial data is always secure and private. In addition, Airtel Money customers will also be able to make in-person payments at outlets via QR codes, whereby payments are made from an Airtel mobile phone by scanning the QR code displayed at checkout or by entering a merchant identifier, at any location worldwide that Mastercard QR is accepted. To date, there are over 1 million merchant locations across Africa that accept Mastercard QR payments.
Airtel Money customers will also benefit from preferential exchange rates for international payments, and gain access to other domestically relevant use cases including bill payments, merchants payments and value added services such as cash management solutions.
Airtel Africa is a provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa. Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
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