Vodacom's Joosub meets Ethiopian telecoms regulator

He informed the AU delegations that mobile money was the perfect key to improving trade among member nations and creating the single market, which is also being promoted under the African Continental Free Trade Agreement.

The arrangement, which was signed in Addis Ababa, would allow Ethiopians living abroad to send money straight to family members or friends' M-PESA mobile wallets.

Wim Vanhelleputte ranks digital transformation as Ethiopia's top national objective and identifies key addressable issues to achieve the goal.

I&M Bank in Kenya has made the move as the result of customer feedback and a response to the high cost of living.

The telco says it is focusing on scaling operations for the country.

M-PESA has 26,200 agents and 43,100 merchants, according to the company's third quarter 2023 update.

The hubs will help develop the grassroots ICT sector which is vital in setting a stronger foundation for ICT-related development and the digital economy.

The certification is a worldwide data security standard set by the PCI SSC for firms that accept card transaction.

Safaricom Ethiopia announced the total transaction value since the company's inception two months ago is now $288 million (Ksh. 43.7 billion).

M-Pesa, one of Africa's largest financial platforms, launched in Ethiopia on Wednesday, after a three-month pilot phase.

M-Pesa revenue grew 34.4% to $106 million, supported by customer growth and new service adoption, such as facilitating lending.