Friday, February 06, 2015

Irish firm bids to improve banking services in Ethiopia

(Feb 06, 2015, (Irish Times))--Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services.

The launch of the services, which allow customers to make payments or receive money via a mobile that is linked to a bank account, mirrors technology used in other African nations that has drawn millions of people into the financial system.

And one of the companies driving the new services in a country with a population of 96 million is Moss ICT, a company effectively owned by Ireland-based mobile software group M-Birr. It provides a mobile wallet account accessed from your phone. Read more from Irish Times »

Related topics:
Ethiopia launches mobile money schemes to extend banking reach

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