---
title: Airtel Tanzania launches overdraft offering with I&M - Developing Telecoms
description: Airtel Tanzania has partnered with the country’s I&M Bank to launch a mobile overdraft service.
canonical_url: https://developingtelecoms.com/telecom-technology/financial-services/12087-airtel-tanzania-launches-overdraft-offering-with-i-m.html
language: en-GB
date: 2021-10-12T15:22:26Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-technology/financial-services/12087-airtel-tanzania-launches-overdraft-offering-with-i-m.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1101
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-technology/financial-services/12087-airtel-tanzania-launches-overdraft-offering-with-i-m.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


   Details    James Barton    Category: [Mobile Finance](https://developingtelecoms.com/telecom-technology/financial-services.html)     12 October 2021     8128 views   

 

  ![Airtel Tanzania launches overdraft offering with I&M](https://developingtelecoms.com/images/stories/Places/800x600/dar-es-salaam-aerial-600.jpg)  

 

Airtel Tanzania has partnered with the country’s I&M Bank to launch a mobile overdraft service.

Branded as Kamilisha, the service will enable customers to make transactions – including P2P transfers, airtime top-ups and data purchases - even if their digital wallets are short of the required funds. The service can also be used to pay bills.

Airtel Tanzania explained that collaborating with I&M Bank Tanzania allowed it to guarantee that transactions made via Kamilisha would not be declined provided they met certain terms and conditions. The service was developed after Airtel Money determined that the main barrier facing transactions was a lack of ready funds in digital wallets.

Airtel Money Tanzania director Isaac Nchunda noted that the unit was always “looking for innovative ways to fulfil customers’ day-to-day needs” and that it would continue to pursue ways of “transforming the lives of customers and providing financial empowerment”.

For its fiscal Q2 2020, Airtel Africa saw its revenue jump 33.9% - largely driven by mobile money. [In March this year, TPG’s The Rise Fund acquired a minority stake in Airtel Money for $200 million.](https://developingtelecoms.com/telecom-business/telecom-investment-mergers/10869-airtel-africa-s-mobile-money-business-attracts-major-investment.html)

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.essential-reading.com\/#james_barton_4d6427c012"
            },
            "dateModified": "2021-10-12T15:22:26Z",
            "datePublished": "2021-10-12T15:22:26Z",
            "description": "Airtel Tanzania has partnered with the country’s I&M Bank to launch a mobile overdraft service.",
            "headline": "Airtel Tanzania launches overdraft offering with I&M",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Places\/dar-es-salaam-aerial-600.jpg",
                    "caption": "",
                    "description": "Airtel Tanzania launches overdraft offering with I&M",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.essential-reading.com\/telecom-technology\/financial-services\/12087-airtel-tanzania-launches-overdraft-offering-with-i-m.html"
            },
            "publisher": {
                "@id": "https:\/\/www.essential-reading.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.essential-reading.com\/telecom-technology\/financial-services\/12087-airtel-tanzania-launches-overdraft-offering-with-i-m.html"
        },
        {
            "@type": "Person",
            "name": "James Barton",
            "@id": "https:\/\/www.essential-reading.com\/#james_barton_4d6427c012"
        },
        {
            "@id": "https:\/\/www.essential-reading.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.essential-reading.com\/",
            "logo": {
                "@id": "https:\/\/www.essential-reading.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.essential-reading.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->