Cash barrier to M-Pesa uptake in Ethiopia

Safaricom has launched a training programme targeting up to 10,000 fibre optic technicians.

Photo credit: Shutterstock

Safaricom Ethiopia has identified cash dominance as a key barrier to growing its payments business represented using its M-Pesa platform.

The telco said the proliferation of cash, especially for small-value transactions was a challenge but an opportunity to digitise payments in the country as the operator also eyes the rollout of financial services.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.