Ethiopia looking to join the ranks of Kenya, Egypt in mobile banking


Ethiopia’s mobile money service HelloCash — launched over a year ago — has tipped the scale in accessing financial services in nations in the Horn of Africa.

It enables existing and potential customers of Lion International Bank and Somali Micro Finance to carry out transactions from their phones. However, the service is still grappling with customer sensitisation, as it looks to emulate success of Kenyan mobile banking powerhouse M-Pesa.

CCTV’s Maria Galang tells us more.

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