Africa's Data Centre Industry Report
ATR

twitteryou tubeacpRSS Feed

Safaricom extends M-PESA Global to Ethiopia, enabling seamless mobile money transfers between Kenya and Ethiopia to boost regional economies. (Image source: Adobe Stock)

Safaricom has expanded its M-PESA Global service to Ethiopia, enabling customers to conduct mobile money transactions between Kenya and Ethiopia

This move aims to boost mobile money usage and penetration in Ethiopia, stimulating local economies and creating new opportunities for both individuals and businesses in the region.

Esther Waititu, chief financial services officer of Safaricom Kenya, stated, “This collaboration resonates with our commitment to deliver innovative financial solutions that cater to the evolving needs of our customers. By making cross-border transfers more accessible, efficient and cost effective, we are empowering individuals and businesses across the region.”

Cross-border expansion

With this partnership, customers in Kenya can use M-PESA International Remittance to send money to those using M-PESA in Ethiopia, utilising their M-PESA wallets for the transactions.

During the signing ceremony, Elsa Muzzolini, chief financial services officer at Safaricom Ethiopia, remarked, “We are thrilled to work with M-PESA Kenya especially at a time of foreign exchange policy reforms made by the National Bank of Ethiopia (NBE) that encourages a growing number of Ethiopian diaspora and business owners are embracing digital payments to send money to their loved ones and fund their operations.”

She further emphasised, “Our M-PESA Ethiopia customers should now be able to receive safe and affordable transfers from M-PESA Kenya thanks to this collaboration, which will further promote the region's adoption of digital payments. We look forward to a successful collaboration.”

The expansion of M-PESA Global into Ethiopia marks a crucial step in advancing financial integration across East Africa and fostering economic development. Key beneficiaries include Ethiopians residing and working in Kenya, as well as Kenyans in Ethiopia. Beyond Ethiopia, M-PESA users can send and receive money to over 190 countries, making it a preferred solution for both individual and corporate transactions.

Oil Review Africa
NEW interactive digital platform

Most Read

Angola Cables Network traffic climbs to record peak. (Image source: Angola Cables)

The introduction of Network One in Nigeria aligns with the Central Bank of Nigeria’s directive for in-country transaction routing, boosting local processing capabilities. (Image source: Adobe Stock)

For Ghanaian customers, this license means more efficient and secure money transfers across the country. (Image source: Adobe Stock)

OADC Texaf Digital - Kinshasa, a 2MW open-access, Tier-III data centre, boosts DRC's digital ecosystem with carrier-neutral, sustainable infrastructure. (Image source: Open Access Data Centres)

Eutelsat Group has a fleet of 35 GEO satellites and a constellation of more than 600 LEO satellites. (Image source: OneWeb)

Siemon's new LightStack and LightStack 8 offer cutting-edge ultra-high-density fibre solutions for data centers and enterprise networks, available globally. (Image source: Siemon)

Qualcomm empowers African tech startups with mentorship. (Image source: Adobe Stock)

The development will enable mobile service providers to deliver 5G services to their subscribers. (Image source: Adobe Stock)

Siemon’s new guide helps data centre professionals design robust AI-ready network infrastructure, addressing the unique demands of ML and generative AI. (Image source: Siemon)

Intelsat and Eutelsat expand collaboration on OneWeb LEO constellation, shaping future of global connectivity solutions. (Image source: Intelsat)

Yellow Card partners with Fireblocks to enhance cross-border transactions in Africa, securing assets with Wallets-as-a-Service (WaaS) at scale. (Image source: Adobe Stock)

Schneider Electric targets Africa's growing data centre market with a dual strategy, engaging end-users and channel partners for expanded opportunities. (Image source: Adobe Stock)

Latest news

Intelsat launches satellite cellular backhaul in Lagos, enhancing connectivity for MNOs and ISPs in Nigeria and West Africa. (Image source: Adobe Stock)

Tantum IT boosts operations and client satisfaction with Paratus South Africa’s Eutelsat OneWeb LEO satellite solution. (Image source: Adobe Stock)

Mukuru launches its digital wallet in Malawi, offering secure, seamless money transfers and boosting financial inclusion across the country. (Image source: Adobe Stock)

Nokia research highlights rapid 5G adoption in MEA, with CSPs driving digital transformation and significant growth in 5G subscriptions by 2029. (Image source: Adobe Stock)

Safaricom extends M-PESA Global to Ethiopia, enabling seamless mobile money transfers between Kenya and Ethiopia to boost regional economies. (Image source: Adobe Stock)

Sofibanque enhances IT systems through colocation at OADC Texaf, boosting service delivery in DRC's digital landscape. (Image source: Open Access Data Centres)

Datacentrix reaffirms its leadership in data security by retaining Elite Partner status with Rubrik, driving cyber resilience across Africa. (Image source: Adobe Stock)

CMC Networks launches CMC Fusion, a platform enabling seamless network management across 51 African and 11 Middle Eastern countries. (Image source: Adobe Stock)

Old Mutual Connect launches as a new MVNO on Cell C, enhancing mobile accessibility for South Africa's lower-income market. (Image source: Adobe Stock)

Starlink launches budget-friendly internet in Kenya, challenging Safaricom as competition heats up in the evolving digital landscape. (Image source: Adobe Stock)

MTN Congo's new 5G network aims to revolutionise connectivity and drive economic growth in the region. (Image source: Adobe Stock)

Safaricom launches M-PESA Ratiba, allowing users to set standing orders for recurring payments directly from their mobile wallets. (Image source: Adobe Stock)

Arctic Wolf expands into South Africa, recruiting local partners to offer advanced cybersecurity solutions and protect businesses from cyberattacks. (Image source: Adobe Stock)

Kazang Pay launches in Zambia, allowing merchants to accept card payments on existing terminals, boosting financial inclusion and business growth. (Image source: Kazang)

Africa Tech Festival

More Articles