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Dar es Salaam, Tanzania, 22 March 2023: Tigo Tanzania, Selcom and Mastercard Inc. have announced a strategic partnership that will see the three industry leaders revolutionize the digital payment ecosystem by enabling convenient online payments globally through the Tigo Mastercard virtual service via the Selcom’s card-as-a-service (CaaS) platform. This partnership will empower Tigo Pesa customers to transact on global...

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New arrival in the market – and now the second national operator in the country – Safaricom Ethiopia and Commercial Bank of Ethiopia have signed an MoU. The MoU, signed last week, outlines a strategic partnership to utilize the potential of the institutions’ capacities and enhance the financial service delivery of the Bank to jointly...

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Ethio Telecom CEO Frehiwot Tamru expressed confidence in the state-owned operator’s ability to remain a market leader while highlighting milestones the company made in its mobile money platform Telebirr, and repeating its ambition to transact half of Ethiopia’s GDP. Speaking at Mobile World Congress, Tamru highlighted the operator’s coverage rate of 99.1%, the high population...

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Ethiopia has reportedly publicised a demand of US$150 million from Safaricom for the operator to deploy its M-Pesa mobile money platform in the country, with talks to be held this week. A document published by the National Bank of Ethiopia, read: “A foreign national applicant shall present evidence for the payment of $150 million or...

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Kenya’s Directorate of Criminal Investigations (DCI) has arrested eight men who are alleged to have been part of a criminal ring that defrauded mobile money users of over KES 500-million. According to investigators, the suspects gained access to the National Registration Bureau, which hosts identification information that was then used to register mobile SIM cards....

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Telebirr was launched in May 2021. The platform attracted four million people in a few weeks and currently has more than 28 million users. Other mobile money services should soon enter the Ethiopian telecom market, which is in full liberalization. Ethiopian citizens will now be able to pay their taxes using Telebirr, the digital payment platform...