Ethiopia-Economy

Ethiopia's Telebirr commands $245m in transactions

APA-Addis Ababa (Ethiopia)

Telebirr service in Ethiopia has attracted over 17.6 million subscribers with a cumulative value of over $245 million in transactions, Ethio-telecom said in a statement.

Ethio telecom launched Telebirr, a mobile payment and digital wallet service, on May 11, 2021.

To date, the company said more than $245 million worth of transactions have been undertaken through the payment platform, locally.

Over half a million dollars, or $528, 400, financial transfer has also been made from 34 countries via Telebirr in cooperation with 8  international remittance partners, said Ethio Telecom.

Besides, the digital transaction service coverage via Telebirr and the number of service rendering partners rapidly increases from time to time, according to the telecom firm.

The service has engaged more than 64,000 agents and over 16,000 merchants so far. 

The integration of the service with banks has also made money transfer from/to 12 commercial banks possible.

“Enabling various business transaction payments ranging from making payments for  small transactions to transferring a large amount of money via Telebirr, has significantly contributed to the adoption of the digital payment system across the nation,” said the telecom company.


MG/as/APA

React to this article