Safaricom M-PESA and LakiPay partner to drive digital financial inclusion in Ethiopia

Safaricom M-PESA has announced a strategic partnership with LakiPay, a leading payment gateway provider. This collaboration aims to expand access to digital financial services, simplify transactions for businesses and customers, and contribute to the growth of Ethiopia’s burgeoning digital economy. 

Through this partnership, Safaricom M-PESA will integrate its mobile money services with LakiPay’s payment gateway, enabling merchants on the LakiPay platform to accept M-PESA payments. This integration is expected to enhance financial inclusion, reduce reliance on cash, and create a seamless payment experience for businesses and consumers alike. 

The partnership between Safaricom M-PESA and LakiPay marks a pivotal moment in Ethiopia’s journey toward a cashless economy. By enabling additional payment acceptance points, the collaboration seeks to accelerate the adoption of digital financial services across the country. 

“This partnership reinforces our commitment to driving financial inclusion and digital transformation in Ethiopia,” said a representative from Safaricom M-PESA. “With the integration of M-PESA into LakiPay’s platform, we are taking a significant step toward supporting Ethiopia's national digital economy ambitions.” 

The integration of M-PESA with LakiPay’s payment gateway will provide merchants with a reliable and efficient way to accept digital payments. This will not only simplify transactions but also open up new opportunities for businesses to reach a wider customer base. 

For customers, the partnership means greater convenience and accessibility. By reducing the need for cash transactions, the collaboration will enhance the overall customer experience, making it easier for individuals to pay for goods and services using their mobile phones. 

Ethiopia’s digital economy is rapidly evolving, with increasing demand for innovative financial solutions. The partnership between Safaricom M-PESA and LakiPay aligns with the country’s efforts to modernize its payment infrastructure and promote economic growth. 

“Safaricom M-PESA remains dedicated to empowering more businesses and fostering a robust digital financial ecosystem,” the representative added. “This collaboration is a testament to our commitment to supporting Ethiopia’s vision of a digitally inclusive society.” 

The partnership between Safaricom M-PESA and LakiPay is more than just a business collaboration—it is a step toward building a more inclusive and prosperous future for Ethiopia. By leveraging the power of mobile money and digital payments, the two companies are paving the way for greater financial access and economic empowerment. 

As Ethiopia continues to embrace digital transformation, initiatives like this will play a crucial role in shaping the country’s financial landscape. With Safaricom M-PESA and LakiPay leading the charge, the future of Ethiopia’s digital economy looks brighter than ever. 

The partnership between Safaricom M-PESA and LakiPay represents a significant milestone in Ethiopia’s digital transformation journey. By enabling seamless digital payments and expanding financial access, the collaboration is set to drive economic growth, enhance customer experiences, and contribute to the country’s vision of a modern, inclusive digital economy. 

By:  Kanto Kai Okanta