Airtel Kenya has announced that it has separated and transferred the Airtel Money Business from Airtel Networks Kenya Limited to Airtel Money Kenya Limited.
In a statement on Thursday, July 21, 2022, Airtel said that the new venture, Airtel Money Kenya Limited, will take over and continue the provision of the Airtel Money Services, in collaboration with the licensed telecommunications network of Airtel Networks Kenya Limited.
“We wish to inform our esteemed customers, partners, relevant authorities and the general public that to better serve our customers, we have separated and transferred the Airtel Money Business from Airtel Networks Kenya Limited to Airtel Money Kenya Limited,” the statement read in part.
“Following this business separation, Airtel Money Kenya Limited will take over and continue the provision of the Airtel Money Services, in collaboration with the licensed telecommunications network of Airtel Networks Kenya Limited. The continued use of the Airtel Money Service shall be deemed as proof of the customer’s acceptance of the transfer of their Airtel Money Account and related Customer Data and or sharing of the Customer Data between Airtel Money Kenya Limited and Airtel Networks Kenya Limited.”
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Airtel Money Kenya Limited has been established as a Private Limited Liability Company regulated by the Central Bank of Kenya (CBK).
Airtel Money Kenya Limited will take over the provision of Airtel Money Services effective July 21, 2022.
The two companies, Airtel Networks Kenya Limited and Airtel Money Kenya Limited, are fully owned subsidiaries of Airtei Africa Plc licensed and regulated by the Communications Authority of Kenya and the Central Bank of Kenya.
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