M-PESA Kenya expands its international money transfer services to Ethiopia

M-PESA Kenya’s service expansion to Ethiopia will enable customers make mobile money transactions from Kenya to Ethiopia via M-PESA Global.

Leveraging this service expansion, the two companies aim to increase mobile money usage and penetration across Ethiopia boosting the local economy as well as creating opportunities for individuals and businesses across the region.

“This collaboration resonates with our commitment to deliver innovative financial solutions that cater to the evolving needs of our customers. With this service, we are making cross-border transfers and bill payments across the region more accessible, efficient, and cost-effective than ever before. This partnership will benefit our customers who may need to send money to Ethiopia and provide a reliable and affordable option for businesses to transact.," says Esther Waititu, Safaricom Kenya’s Chief Financial Services Officer.

Speaking during the signing ceremony, Elsa Muzzolini - Safaricom Ethiopia’s Chief Financial Services Officer stated, “The extension of this services with M-PESA Kenya comes at the right time, where the revised Ethiopian Forex policy is encouraging the diaspora and business owners to embrace digital payments to send money home and fund their operations in Ethiopia. Our M-PESA Ethiopia customers should now be able to receive safe and affordable transfers from M-PESA Kenya thanks to this partnership, which will further promote the region's adoption of digital payments. We look forward to a successful collaboration.”

In addition to Ethiopia, M-PESA customers can also send and receive money to over 190 countries making it the mobile-money proposition of choice catering for both individual and corporate transactions.