Ethiopia: Mobile money schemes, helloCash and M-Birr launched
February 6, 2015
Edmund Blair in Addis Ababa*
[caption id="attachment_16189" align="alignleft" width="300"] Photo©Reuters[/caption]
Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
The launch of the services, which allow customers to make payments or receive money via a mobile that is linked to a bank account, mirrors technology used in other African nations that has drawn millions of people into the financial system.
Nkemnji Global Tech
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