Safaricom extends its M-PESA money transfer service to EthiopiaBy Gloria MethriToday Cross Border PaymentsEthiopiaFinTech ShareSafaricom has extended its M-PESA Global solution to Ethiopia, enabling customers to make mobile money transactions from Kenya to the East African country. Leveraging this service expansion, the two companies aim to increase mobile money usage and penetration across Ethiopia, boosting the local economy and creating opportunities for individuals and businesses across the region. Our M-PESA Ethiopia customers should now be able to receive safe and affordable transfers from M-PESA Kenya thanks to this partnership, which will further promote the region’s adoption of digital payments. We look forward to a successful collaboration.”In addition to Ethiopia, M-PESA customers can send and receive money to over 190 countries, making it the mobile money proposition of choice for both individual and corporate transactions. This collaboration aims to benefit over 636,000 merchants using M-PESA, Safaricom’s mobile money service.

Source: Ethiopian News October 15, 2024 09:06 UTC