The companies announced the yesterday, saying that it will make transactions easier for both merchants and M-Pesa clients in the Ethiopian market.

Chapa, an Ethiopian fintech, has teamed with Safaricom M-Pesa Mobile Financial Services to offer M-Pesa services through its payment aggregator platform.

The companies announced the yesterday, saying that it will make transactions easier for both merchants and M-Pesa clients in the Ethiopian market.

Since its launch a few months ago, M-Pesa, Africa's largest fintech platform, has enrolled 1.2 million M-Pesa members in Ethiopia.

M-Pesa went live in Ethiopia on August 16th, following permission from the National Bank of Ethiopia.

Merchants utilising Chapa's payment gateway technology can now accept payments from Safaricom M-Pesa consumers, thanks to the partnership announced yesterday.

Simultaneously, M-Pesa users can use Chapa's checkout to make quick and safe payments to retailers.

"Chapa is one of Ethiopia's fastest growing payment system operators, and collaborating with them complements our goal of making M-Pesa available everywhere. The digitisation process in Ethiopia has gained traction, and such collaborations improve the convenience with which consumers conduct their transactions," said Paul Kavavu, general manager of Safaricom M-Pesa Mobile Financial Services PLC.

Chapa, on the other hand, sees this collaboration as an opportunity to broaden its client base and provide its merchants a greater selection of payment solutions.

Furthermore, it says being a Chapa merchant entails a streamlined, entirely online onboarding procedure that ensures comfort and convenience at every step of the journey.

"M-Pesa has been well received in Ethiopia, as evidenced by the onboarding of over a million customers in its first three months. By collaborating with them, retailers who use our payment gateway may effortlessly transact with this constantly growing client group. As a result, the collaboration allows both sides to flourish while also boosting entrepreneurs and enterprises', said Chapa's co-founder and CEO, Nael Hailemariam