United Bank of Africa (UBA) has teamed up with Airtel Kenya to offer mobile-based financial services to Kenyans.
The collaboration will allow the two firms to offer a virtual savings account that can be accessed by all Airtel customers, along with mobile banking services to Airtel Money users.
The new Akiba Mkononi account can be used to save money by transferring funds from their Airtel Money wallets to their virtual savings account in UBA Kenya.
The mobile banking services will allow UBA customers using Airtel Money to transfer funds from their bank accounts to their Airtel Money account and vice versa. The service will also allow users to make airtime purchases and view account statements.
In addition, the duo has also unveiled plans to introduce mobile-based financial products, which include Airtel Money PESA Card and UBA Bank debit- VISA card.
Airtel Kenya CEO Adil El Youssefi said: "The customers taking up this product will also enjoy the convenience to use the Airtel Money PESA card that continues to enhance their experience and convenience on Airtel Money and ensure that they get added value."
UBA Kenya Bank managing director and CEO Isaac Mwige said: "Our partnership with Airtel to launch Akiba Mkononi and Mobile Banking services is the first step along this path to provide Kenyans with a rich bouquet of mobile-based banking services."