Mobilemoney

Safaricom Ethiopia goes live wih M-PESA

Safaricom Ethiopia goes live wih M-PESA

M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia. In preparation for launch, M-PESA has undergone a rigorous three-month pilot and testing, completed the technical readiness, secured key partnerships with Banks, recruited, trained, and onboarded M-PESA agents. All Safaricom Ethiopia customers are eligible for the services offered by M-PESA and can dial *733# on their Safaricom line both for android and IOS. The app is currently ready in 5 languages for android devices and available on play store; and will be available for IOS devices…
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Mobile money could add more than $5 billion to Ethiopia’s GDP

Mobile money could add more than $5 billion to Ethiopia’s GDP

The International Mobile Communication System Association announced that if the mobile payment system is widely used in Ethiopia, the country's GDP will increase by 5.3 billion dollar. This will happen by the end of 2030 if 60 per cent of the country's population uses the mobile payment system, the association said.  The organization also indicated that it would lift 700,000 people out of extreme poverty and increase tax revenue by 300 million dollar. However, there is relatively 99 per cent network coverage in Ethiopia;  Unreliability of network quality, lack of understanding of the digital system, the question of trust and…
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National Bank grants mobile money license to Safaricom Ethiopia

National Bank grants mobile money license to Safaricom Ethiopia

Safaricom Ethiopia has received a license from National Bank of Ethiopia to provide mobile money payment services. Safaricom Ethiopia, a telecom company that entered Ethiopia two years ago, has now received an additional license. Safaricom Ethiopia has received approval from the National Bank to provide mobile money services through Mpesa. National Bank Governor Mr Mamo Mehretu has announced that the bank has granted a mobile money service license to Safaricom, which enables it to provide digital financial services. This makes Safaricom the first foreign company to receive a license for mobile money payment services in Ethiopia, according to the  National…
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Ethiopia grants mobile money license to Safaricom

Ethiopia grants mobile money license to Safaricom

National bank of Ethiopia grants mobile money license to Safaricom National Bank has announced that it will soon give license for mobile money transfer to Safaricom The National Bank has stated that Safaricom Ethiopia, which has obtained the first private telecom service license in Ethiopia, will soon be granted a license to provide mobile money transfer services. National Bank Governor Mr. Mamo Mehretu said that the government is taking various measures to modernize and strengthen the financial sector. He also mentioned that non-banking telecommunication companies, fintech and payment agents have been invited to participate in the payment service sector. Mr.…
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Safaricom Ethiopia requested to pay $150 million for its M pesa program

Safaricom Ethiopia requested to pay $150 million for its M pesa program

"M Pesa" requested to pay $150 million to Ethiopia One of Africa's leading digital money service provider company, M Pesa, which started providing telecom services in Ethiopia, enters the Ethiopian market, requested by National Bank of Ethiopia to pay 150 million dollars for the license fee. Safaricom Ethiopia has requested permission from Kenyan government to launch M-Pesa, a successful mobile money service in Ethiopia. M-Pesa will be the first foreign money transfer service provider if it starts operations in Ethiopia. Kenyan newspapers reported that the National Bank of Ethiopia will consult today with officials from Ethio Telecom, Safaricom, BAMC sector…
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