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Browsing: Telecom Industry
- Registered customers for M-Pesa Ethiopia rose to 3.1 million from 1.2 million as of half the Financial Year 2023/2024, transacting worth $115.63 million.
- Ethiopia’s National Financial Inclusion Strategy 2021–2025 aims to increase financial inclusion from 45 to 70 per cent of all adults by 2025, partly by scaling digital payments through mobile money services.
- The country also aims to increase the use of digital payments from 20 per cent of all adults in 2020 to 49 per cent by 2025.
Revenue growth for M-Pesa Ethiopia
Safaricom’s M-Pesa in Ethiopia reported revenue returns of $277,139.43 over the nine months ending in December 2023.
Following its August 2023 launch, the operations generated $45,000 over the first four months, with further commitment to grow the numbers.
Registered customers for M-Pesa Ethiopia rose to 3.1 million from 1.2 million as of half the Financial Year 2023/2024, transacting worth $115.63 million.
However, the opportunity for …
