Safaricom’s mobile money service M-Pesa, has officially launched its operations in Ethiopia, three months after the telco received a license from the National Bank of Ethiopia.
Safaricom Ethiopia said M-Pesa underwent a three-month pilot and testing phase where technical readiness was established, crucial partnerships with local banks were forged, and a network of M-Pesa agents was recruited, trained, and onboarded.
Ethiopian M-Pesa users can now access an array of financial services such as peer-to-peer money transfers within the country, as well as receiving funds from both domestic and international sources. Additionally, users can conduct transactions such as merchant payments, airtime purchases, and fund transfers between their M-Pesa accounts and traditional bank accounts.
Visits: 203
No Comment Found.