Safaricom Plans to Launch Payment Service in Ethiopia - IT News Africa | Business Technology, Telecoms and Startup News

Telecommunications Ethiopia, a name synonymous with innovation and connectivity, has achieved yet another milestone. In a groundbreaking move, the company was officially granted the license to operate mobile money services in Ethiopia on 11 May 2023.

The introduction of M-PESA is poised to revolutionize Ethiopia’s financial landscape, mirroring its trailblazing impact on Kenya’s financial inclusion. Safaricom is committed to progress. The company has already welcomed nearly 3 million customers to the Ethiopian market. It also boasts a robust distributor network of more than 114 outlets and an award-winning premium quality network across 22 cities and regions. The impressive network is supported by close to 1300 network sites and an operational staff of over 900, of which 81% are Ethiopians.In a recent announcement of Full Year 2022/2023 results, Mr.

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