Browsing: M-Pesa license

  • Safaricom license that was obtained last year was due for upgrading to include other services like M-Pesa
  • M- Pesa, a mobile money transfer founded in 2007 by the Vodafone Group and Safaricom
  • Safaricom was waiting for directions from Ethiopian Communication Authority (ECA) to launch the M-Pesa services

Ethiopia is in the final stages of finalizing legal documentation which contains some changes that will see the Central Bank issue permits of operation and license to Safaricom, a giant telecommunication company for mobile financial services.

This is despite the country denying the telecommunication company a second telecoms operator permit, details of the initial agreement show that the Safaricom license that was obtained last year was due for upgrading to include   other services like M-Pesa, its mobile money transfer service once the bid for the second permit was put on the table.

The Ethiopian state minister for finance Dr Eyob Tekalgn Talino issued …