Airtel Money customers in Kenya can now deposit and withdraw cash at more than 22,000 KCB agents nationwide, following a new partnership announced on 18 June.

• Customers can access cash services at over 22,000 KCB agents.
• This partnership involves Airtel Money and KCB.
• The deal aims to bridge the gap in cash accessibility for Airtel Money users, a crucial factor in mobile money adoption.

Airtel Money and KCB Bank Kenya have partnered to enhance financial accessibility, allowing customers to deposit and withdraw cash through an extensive network of agents.

• Customers can now access these services at over 22,000 KCB agents nationwide.
• This collaboration involves Airtel Money and KCB Bank Kenya, bringing together a mobile money service provider and a major banking institution's agency network.
• The partnership aims to increase convenience and support Kenya's financial inclusion agenda, with deposits being free and standard withdrawal charges applying.

A report by Mastercard reveals that South African small and medium enterprises (SMEs) are leading the Eastern Europe, Middle East and Africa (EEMEA) region in adopting digital payments and financial tools.

• 80% of South African SMEs now accept online payments, a high rate within the EEMEA region.
• Mastercard findings highlight resilience and optimism among these businesses despite economic pressures.
• 55% of SMEs identified simple, seamless payment methods as a key growth opportunity.