Safaricom triples M-Pesa users in Ethiopia to 3.1m

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Safaricom CEO Peter Ndegwa during an interview on October 5, 2023 at Michael Joseph Centre, Nairobi. PHOTO | BILLY OGADA | NMG

The number of M-Pesa users enrolled by Safaricom’s Ethiopia unit has nearly tripled in four months to 3.1 million with Sh18.5 billion worth of transactions, offering hope for success in the populous country.

The latest quarterly update showed that Safaricom Telecommunications Ethiopia closed in December 2023 with 3.1 million M-Pesa users.

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