Transactions facilitated through ethio telecom’s new mobile money platform, Telebirr, surpasses one billion Birr, the Operator said.
Launched four months ago, close to 10 million people have been registered to use the mobile money thus far, higher than any other fintech firms and banks providing similar services. CBE-Birr, Hellocash, M-Birr and E-Birr have been the dominant mobile money apps for long in Ethiopia, having an aggregate of less than 10 million users.
With 85% geographical coverage, the telecom giant want to see its new platform be a prime choice of millions of Ethiopians to make transactions. Its CEO, Frehiwot Tamiru, recently said the company targeted to double the number of users in the next eight months.