By Editor
Airtel Money customers can now make seamless payments to I&M Bank merchants nationwide, following a new partnership between Airtel Money and I&M Bank.
The collaboration, which seeks to strengthen Kenya’s digital commerce ecosystem, will enable Airtel Money users to enjoy a 50% guaranteed cashback in airtime on all Paybill transactions. Customers will also benefit from faster payments, an expanded merchant network, and enhanced mobile money security.
“At Airtel Money, we are cognizant of the reality that over 90 per cent of Paybills in the market are bank Paybills. By partnering with like-minded institutions such as I&M Bank, we are easing wallet funding and bill payments for our customers while expanding their choices through a wider merchant network, and making digital payments easier, faster and more secure,” said Airtel Money Kenya Managing Director Anne Kinuthia-Otieno.
The partnership simplifies how customers send money, pay bills and manage their finances instantly and securely from their mobile phones. It also reflects a shared commitment to driving innovation, supporting SMEs and advancing financial inclusion across Kenya.
Speaking during the signing ceremony, Kihara Maina, I&M Bank Regional CEO and Interim CEO, I&M Bank Kenya, noted: “We are delighted to partner with Airtel Money to make payments to I&M merchants seamless and universally accessible. This collaboration is a concrete step in our regional digital strategy, one that deepens interoperability, broadens financial access and supports the merchants and small businesses that power our economies.”
He added that the Kenya partnership builds on the successful integration between Airtel Money Tanzania and I&M Bank Tanzania, demonstrating both institutions’ commitment to creating integrated digital payment ecosystems across East Africa. “At I&M, we believe that strategic partnerships like this accelerate the transition to efficient, transparent and inclusive digital payments across the region,” he said.
The regional approach allows both organizations to share insights, scale innovations more rapidly and deliver consistent, high-quality digital banking experiences across different markets, advancing I&M Group’s vision of borderless banking and strengthening Airtel Money’s position as a leading mobile money operator in East Africa.
How to Pay I&M Merchants via Airtel Money
USSD (*334#)
1. Dial *334#
2. Select Paybill & Till Payments
3. Choose Airtel Paybill
4. Enter Paybill Number: 542542
5. Enter the merchant reference number (displayed by the merchant)
6. Enter Amount
7. Enter PIN
MyAirtel App
1. Open the MyAirtel App
2. Select Paybill
3. Choose Airtel Paybill
4. Enter Paybill Number: 542542
5. Enter Reference Number
6. Enter Amount
7. Enter PIN
