Published May 11, 2023 05:15PM ET Updated May 11, 2023 08:40PM ETThe National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr, part of the state-owned Ethio Telecom network, operated in that market. Kenya-based Safaricom was also the first company to break Ethio Telecom’s monopoly on Ethiopian mobile phone service in October, through its Safaricom Telecommunications Ethiopia subsidiary. The NBE introduced legislation into the Parliamentary Assembly earlier in 2022 to make the private service possible. Continue Reading on Coin Telegraph

Source: Ethiopian News May 12, 2023 01:03 UTC