Airtel Money Float
Airtel Mobile Money Escrow is a trust account that serves an ecosystem comprising of merchants, financial technology companies and Airtel Money agents. It enables a free, quick turnaround time, secure, and convenient place to purchase float to merchants and Airtel mobile money agents on the following DTB Channels; i24/7 internet banking, agent banking and branch network.
Account Overview
Airtel Mobile Money Escrow is a trust account that serves an ecosystem comprising of merchants, financial technology companies and Airtel Money agents. It enables a free, quick turnaround time, secure, and convenient place to purchase float to merchants and Airtel mobile money agents on the following DTB Channels; i24/7 internet banking, agent banking and branch network.
How it works?
All AIRTEL mobile money users (Airtel agents, merchants, super dealers and corporate partners) in need of Airtel mobile money float can be served through:
Branch/over the Counter through DTB banking halls: The teller receives the customer’s money, and the customer receives the float onto their mobile money line. The customer will receive an SMS notification to confirm that the float has been allocated to them. The branch touch point services both account holders and non-account holders.
Internet Banking: Appropriate for DTB customers, a customer can purchase float by selecting Airtel Mobile Payment through the bill payment menu on the DTB i24/7 portal, quoting their agent line for validation and subsequent payment.
Agent Banking: DTB Agents can allocate Airtel float to all Airtel Money agents countrywide.
Internal Funds Transfer: Suitable for DTB account holders/customers. A customer can make a request for float purchase by quoting the beneficiary account number as 0899999042 and quoting their agent line under the purpose of remittance. The Bank will accordingly allocate float if the customer’s account is regular, active, and sufficiently funded.
Inward RTGS: A non-account holder can transfer funds from their bank to purchase float at any DTB branch by quoting the beneficiary account number as 0899999042 and quoting their agent line under the purpose of remittance.
Who can access this service?
Any agent that facilitates the day-to-day Airtel mobile money, super dealers manage the territory of agents on a day-to-day basis.
Corporate partners, such as financial technology companies that have a regular need for float.
What does the customer require to be able to use the service?
Registered and active Airtel Money agent and merchant line.