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Thursday, May 29, 2014

Airtel banks on innovation for turnaround


  Airtel Kenya CEO Adil Youseffi (left) and Equity Bank CEO James Mwangi at the unveiling of the bank’s Mobile Virtual Network Operator (MVNO) strategy set for launch in July 2014. Photo/DIANA NGILA
Airtel Kenya CEO Adil Youseffi (left) and Equity Bank CEO James Mwangi at the unveiling of the bank’s Mobile Virtual Network Operator (MVNO) strategy set for launch in July 2014. Photo/DIANA NGILA
By OUMA WANZALA

Airtel Kenya is counting on innovative products to turn-around its operations in Kenya, chief executive Adil El Youssefi has said.
Airtel has signed a Mobile Virtual Network Operator (MVNO) deal with Equity Bank, which has created a buzz in the telecommunications industry where it is seen as a potential threat to Safaricom’s popular M-Pesa money transfer and transactions service

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“Our customers want more choices and we are determined to provide innovative products so that they make the right choices,” said Mr Youseffi Wednesday at the Nation Centre in Nairobi when he paid a courtesy call on the group chief executive officer, Linus Gitahi.
The Airtel Money Visa is a new transaction service giving customers access to more than 20,000 Visa outlets across the world.
Mr Youseffi said Airtel will work with the regulator to ensure that there is a conducive environment for operators in the industry.

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