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Global

UPDATE 1-Ethiopia’s State Telecoms Monopoly Launches Mobile Money Service

“Ethiopia’s sole mobile operator, Ethio Telecom, launched a mobile phone-based financial service on Tuesday, seeking to boost growth by offering cashless transactions. Mobile financial services have become a significant part of African telecom operators’ businesses since Kenya’s Safaricom pioneered them with M-Pesa in 2007, giving people an alternative to banks. The new service, telebirr, will […]
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Global

Mobile Money Finally Comes to Ethiopia

“Ethio Telecom, the – for now – monopoly telecommunications provider in Ethiopia, has announced the roll-out of a mobile money service. Called TeleBirr, it will be available to Ethio Telecom subscribers from May this year. Although the government is planning to allow two new operators to compete with Ethio Telecom, they won’t be permitted to […]
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