Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular M-Pesa mobile money service to the neighbouring country, a market of 100 million people, two sources said on Tuesday.
Britain’s Vodafone, Safaricom’s parent company, will license the use of the M-Pesa trade name to an Ethiopia-based bank while Safaricom will host the servers in Nairobi, one telecoms industry source told Reuters.
Ethiopia’s state telecommunications monopoly, Ethio telecom, will carry the service, the source added.
READ MORE
Why activists are pushing for dissolution of SHA
Man sues Safaricom in mobile phone number ownership row
ICPAK questions Sh34 Safaricom share price in State divestiture plan
