Safaricom ‘in talks’ to enter Ethiopia through M-Pesa product
- Reuters 18th Jul 2018 11:06:19 GMT +0300
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.
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