National Bank of Ethiopia issued a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc.
According to Capital Ethiopia, license of operating in Ethiopia is issued to Safaricom M-Pesa Mobile Financial Service PLC.
M-PESA is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, and South Africa.
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