January 31

Safaricom Triples M-Pesa Users in Ethiopia to 3.1 Million

The number of M-Pesa users enrolled by Safaricom’s Ethiopia unit has nearly tripled in four months to 3.1 million with Sh18.5 billion worth of transactions, offering hope for success in the populous country.

The latest quarterly update showed that Safaricom Telecommunications Ethiopia closed in December 2023 with 3.1 million M-Pesa users.

Photo courtesy of rogiro.

Source: (link opens in a new window)

Technology, Telecommunications
business development, mobile finance