Tuesday
February 11
2025

Safaricom Ethiopia’s M-PESA Revenue Dips Despite 245% Jump in Registrations

By Zainab Hafsah

The number of registered M-PESA customers in Safaricom Ethiopia increased by 245% to 10.8 million as at December 2024 from 3.1 million December 2023, driven by airtime purchases and cross border money transfers.

Photo courtesy of rogiro.

Source: The Kenyan Wall Street (link opens in a new window)

Categories
Finance, Technology, Telecommunications
Tags
cash transfers, corporations, digital finance, digital payments, fintech, remittances