The Nationwide Financial institution of Ethiopia (NBE) has issued a cell cash providers license to Safaricom M-Pesa Cellular Monetary Service. introduced Might 11 Beforehand, solely Telebirr, a part of the state-owned Ethio Telecom community, operated on this market.
Based mostly in Kenya, Safaricom. was additionally the primary firm to interrupt Ethio Telecom’s monopoly on Ethiopian cell phone providers in October via its subsidiary Safaricom Telecommunications Ethiopia. NBE earlier in 2022 Launched laws to the Parliamentary Meeting to permit personal service.
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