MTN Rwanda and Bank of Kigali (BK) 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 and can pull money from their bank accounts onto their mobile money wallet or push money from their wallets to their bank accounts automatically. 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. In addition, Bank of Kigali customers can now use the MTN service centers and MTN mobile money agents to first load their wallets and then push the funds from their wallets to their bank accounts. 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.
MTN CEO, Ebenezer Asante said, "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." Dr. James Gatera, BK’s CEO commented, “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.”