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Ethiopia closes door on M-Pesa, only local companies allowed

April 6, 2020

Ethiopia has shut the door for foreign mobile phone companies like Safaricom, which had hoped to introduce its popular M-Pesa mobile money transfer platform in the market of 100 million people. According to the central bank, only allow locally-owned non-financial institutions would be allowed to offer mobile money services as it seeks to boost non-cash payments. Writer and Analyst Samuel Getachew joins CNBC Africa for more.

The post Ethiopia closes door on M-Pesa, only local companies allowed appeared first on CNBC Africa.

CNBC AFRICA

Source : African Media Agency (AMA)

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