As telecoms continue to explore avenues to beat competition in both customer numbers and revenue volumes, the battle has been shifted to innovative mobile money services.

Following Warid’s December launch of its mobile money platform, Airtel yesterday launched its mobile money service that will allow subscribers to transact using Automated Teller Machines (ATMs).

The telecom partnered with banks including Standard Chartered, Post Bank, KCB, Diamond Trust Centenary Bank among others.

Airtel customers will also be able to pay bills, access their bank accounts and withdraw Airtel money across all interswitch ATMs country-wide.

Information and Communications Technology state minister Nyombi Tembo, however, urged telecoms to put in place robust measures to ensure that the risks associated with money transfer are mitigated.