Why Launch of M-PESA Ethiopia is set to ignite a financial revolution in one of Africa’s biggest economyA recent report by the GSMA dubbed State of the Industry Report on Mobile Money 2023 underscores how mobile money has become a mainstream financial service. The country has had limited access to formal financial services, with a significant portion of its population excluded from these systems. By leveraging on its expertise, Safaricom is set to address the financial inclusion gap in Ethiopia, transform the nation’s economy and empower its citizens. The increasing penetration of smartphones and Internet connectivity in the country opens up new opportunities for digital financial services. There is no doubt that it will revolutionise the country’s mobile money services.

Source: Daily Nation September 16, 2023 18:24 UTC