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AWCC MY MONEY AND INTERNATIONAL LABOUR ORGANIZATION FORM STRATEGIC PARTNERSHIP TO ACCELERATE AFGHAN FINANCIAL INCLUSION AND ECONOMIC DEVELOPMENT

Kabul, Afghanistan—March 27, 2019Afghan Wireless Communication Company (AWCC) (www.afghan-wireless.com), the nation’s first mobile communications company, and Afghanistan’s leading provider of 4G LTE, HD Voice, data, entertainment and mobile payment services to over 5,000,000 consumers and businesses, announced today that AWCC’s My Money mobile payments division—Afghanistan’s largest mobile payments service, has launched a strategic partnership with the International Labour Organization (www.ilo.org). The mission of the partnership is to launch a financial inclusion and economic development program which will create over 400 jobs and provide up to 100,000 Afghans living in Balkh and Samangan provinces with access to safe, secure and affordable mobile money services.

Working in partnership with the ILO’s Road to Jobs program, AWCC My Money and the ILO will cooperate with hundreds of small business owners throughout Balkh and Samangan to train their employees to become AWCC My Money partners. Each business will then have the capacity to act as an AWCC My Money Service Center, providing their customers with information about the advantages of mobile payments and offering enrollment in AWCC’s My Money service to any customer with a mobile device.

Providing Afghans with access to safe and secure Mobile Payments, Banking and Financial Services is crucial to Afghanistan’s economic progress. Currently, only nine-percent of Afghans have access to financial services offered through the country’s network of sixteen public and commercial banks.

However, AWCC’s My Money Mobile Payments Service, which uses AWCC’s advanced 4G LTE nationwide network, has the capacity to dramatically increase rates of financial inclusion and economic development. Over 70% of Afghans use cell phones or other types of mobile communications devices.

“Using AWCC’s My Money mobile payments service, businesses can make salary payments to their employees, and both businesses and individuals can use AWCC My Money to complete many different types of transactions, from paying electric bills to buying equipment, food and clothing,” said Mr. Amin Ramin, AWCC’s Managing Director.

“Our partnership with the ILO and its Road to Jobs program gives us this opportunity to give our fellow Afghans the secure and trusted mobile payments services they need to receive payment, build up their financial security and their local economies, through the purchase of goods and services,” Mr. Amin said. “This is a mission—and a partnership—that we hope to expand throughout Afghanistan.”

About Afghan Wireless:

The Afghan Wireless Communication Company (AWCC) (www.afghan-wireless.com) is Afghanistan’s first wireless communications company and the founder of Afghanistan’s wireless communications market. AWCC provides 4G LTE, 3.75G+, 3G, 2.5G, Voice, Data, Internet and Mobile Payment Services to more than five million Business and Consumer Clients, located in all of Afghanistan’s thirty-four provinces. The Company has global partnerships with 425 wireless carrier networks in 125 countries.  AWCC was founded in 2002 by Mr. Ehsan Bayat, Chairman of The Bayat Group (www.bayat-group.com). Mr. Bayat is the recipient of the 2018 award for Best Media and Telecom CEO from International Finance Magazine.

 

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