• Latest
  • Trending
Ethio Telecom

Ethio Telecom’s Telebirr surpasses 54 million users, processes 2.4 trillion ETB in transactions

July 28, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Alibaba, Nvidia collaborate to expedite humanoid robot development

Alibaba, Nvidia collaborate to expedite humanoid robot development

September 25, 2025
OpenAI expands $500 Stargate AI initiative in partnership with Oracle and SoftBank

OpenAI expands $500 Stargate AI initiative in partnership with Oracle and SoftBank

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News

Ethio Telecom’s Telebirr surpasses 54 million users, processes 2.4 trillion ETB in transactions

Oluwatosin Adeyemi by Oluwatosin Adeyemi
July 28, 2025
149 6
0
Ethio Telecom
480
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Ethio Telecom’s mobile money platform Telebirr recorded a milestone year in 2024–2025, surpassing 54 million users and processing 2.4 trillion ETB in electronic transactions, as digital finance adoption accelerates across Ethiopia.

The platform achieved 99.7 percent of its annual transaction target, reflecting strong user adoption and operational efficiency.

Since its launch four years ago, Telebirr has processed 4.93 trillion ETB in total transactions, positioning it as a key driver of digital financial inclusion nationwide.

6.88 million customers received 13.22 billion ETB in loans via Telebirr

Its collaboration with Dashen Bank, the Commercial Bank of Ethiopia, Ahadu Bank, and Sinqee Bank allowed it to offer Telebirr microloan, microsaving, and overdraft services.

RelatedPosts

Diamond Trust Bank to exit Burundi, focuses on Kenya, Uganda, Tanzania

LemFi joins IAMTN’s global network to promote inclusive cross-border payments

Paga expands to the USA to boost cross-border payments for African diaspora

While 1.77 million customers collectively saved 11.24 billion ETB through its digital savings platform, 6.88 million customers received 13.22 billion ETB in credit during the period.

Telebirr has made it possible for over 11.92 million users to obtain more than 25.8 billion ETB in microloans since its inception four years ago. 3.91 million consumers have participated in digital savings at the same time, totaling more than 24.59 billion ETB.

These accomplishments highlight how important it is to improve financial inclusion and accessibility throughout the country.

Onboarding of 117.4 thousand new merchants

The telecom company greatly increased the size of its partner network throughout the fiscal year in order to fortify the digital ecosystem even more. 117.4 thousand new merchants, 13 new main agents, and 108.3 thousand new agents were onboarded.

With 310.1 thousand merchants, 170 main agents, and 320.3 thousand agents in its entire network, this significantly accelerates the development of digital payments.

Ethio Telecom paid 43.8billion Birr in taxes to the government

Ethio Telecom declared that it paid 43.8 billion Birr in taxes to the government for the fiscal year 2024–2025. This identifies a time of notable strategic success and financial strength.

As the company wraps up its three-year Lead Growth Strategy, it made an impressive tax contribution. Revenue, customer acquisition, and the growth of digital services all saw notable increases during this time.

Revenue of 162 billion Birr

Ethio Telecom reported revenue of 162 billion Birr, which was 72.9 percent higher than the previous year and 99 percent of its target.

Ethio Telecom’s financial situation was stable aside from tax payments. A total of 76 billion Birr was earned before interest, taxes, depreciation, and amortization (EBITDA).

This represented an 84 percent increase over the previous BRIDGE Strategy period and exceeded its target by 104 percent. Additionally, the business gave the government dividends totaling 12.6 billion Birr.

Ethio Telecom’s customer base increases by 6.2% to 83.2 million

With mobile voice at 80.3 million (+24.5 percent), data and internet at 46.6 million (+82 percent), and fixed broadband at 847.1 thousand (+67.2 percent), its customer base increased by 6.2 percent to 83.2 million. Service penetration reached 73.7 percent (+10.4 percent) as a result of this expansion.

Ethio Telecom’s cost-cutting efforts demonstrated their dedication to efficiency, surpassing their goal by 151 percent and saving over 11.3 billion Birr. With a 7.8 percent increase, foreign currency generation generated 213.6 million USD.

Tags: Digital financeEthio TelecomFinancial inclusionMobile MoneyTelebirr
Oluwatosin Adeyemi

Oluwatosin Adeyemi

Oluwatosin Adeyemi is a seasoned writer with 5+ years of experience. He holds a degree in Animal Science from Olabisi Onabanjo University. A hardworking and creative individual with a passion for teamwork and self-improvement.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.