Companies Ethiopia approves roll out of M-PesaA mobile subscriber transacts via M-Pesa at a shop in Nyeri on May 20, 2021. PHOTO | JOSEPH KANYI | NMGBy KABUI MWANGIMore by this AuthorEthiopia has okayed Safaricom to introduce its popular mobile money service, M-Pesa, in the market of over 110 million people. Read: Ruto in Addis as Safaricom officially takes on Ethio TelecomThe approval, announced by Ethiopia’s Finance minister Ahmed Shide, means Safaricom will be allowed to acquire a licence for M-Pesa services. Safaricom began head-hunting the chief executive for its planned rollout of M-Pesa services in Ethiopia in April despite pending of regulatory approvals. Read: Safaricom seeks M-Pesa head for Ethiopia unitThe expansion of digital banking services access is poised to be a game-changer for Ethiopians whose banking sector has no way of transferring funds across banks.

Source: Ethiopian News October 07, 2022 02:10 UTC