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Safaricom in ‘advance talks’ to introduce M-pesa in Ethiopia

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Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular M-Pesa mobile money service to neighbouring Ethiopia, a market of 100 million people, two sources said on Tuesday.

Britain’s Vodafone, Safaricom’s parent company, will license the use of the M-Pesa trade name to an Ethiopia-based bank while Safaricom will host the servers in Nairobi, one telecoms industry source told Reuters.

Ethiopia’s state telecommunications monopoly, Ethio telecom, will carry the service, the source added.

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Started in 2007, M-Pesa has nearly 30 million users in Kenya.

Source: Reuters

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