M-PESA Ethiopia has reported exceptional performance over the past six months, marking a 174.8% year-on-year growth with 3.4 million active customers transacting within a 90-day period. The mobile financial platform processed 12.3 billion Birr in transactions, underscoring its growing influence in Ethiopia’s digital payments landscape.
The company has also broadened its merchant base to over 30,700 active businesses, including 316 fuel stations nationwide now accepting M-PESA payments. With a maximum transaction fee capped at just 5 Birr, M-PESA remains one of the most affordable digital finance solutions in the country, positioning itself as a key player in advancing financial inclusion.
Expanding Access Through Innovation
During the reporting period, M-PESA Ethiopia introduced Errif by M-PESA, a digital microloan and equb (rotating savings group) platform designed to provide users with small, flexible loans and community-based savings options. The service aims to bridge financial gaps and empower unbanked and underbanked Ethiopians.
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