Safaricom Ethiopia goes live with M-PESA

Addis Ababa, August 16, 2023 (FBC) – M-PESA, Safaricom Ethiopia’s Mobile Financial Services, goes live today, three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia.

In preparation for launch, M-PESA has undergone a rigorous three-month pilot and testing, completed the technical readiness, secured key partnerships with Banks, recruited, trained, and onboarded M-PESA agents.

Using M-PESA, customers can send money within the country and receive money from within the country and abroad, pay to merchants, buy airtime, transfer to their bank accounts, and send money from their bank accounts to their M-PESA, Safaricom Ethiopia confirmed.

“We are excited to go live with M-Pesa in Ethiopia and start providing Mobile Financial Services to our customers. M-Pesa is known to be a game-changer for financial inclusion and provides services to more than 51 million customers across seven countries in Africa offering a safe and secure platform for transactions,” Stanley Njoroge, Interim CEO of Safaricom Ethiopia said.

Safaricom M-PESA Mobile Financial Services PLC (Private Limited Company) is Safaricom Ethiopia’s licensed and wholly owned subsidiary.