Leading mobile financial services provider M-Pesa Africa and well-known Addis Ababa-based international money transfer company, Dahabshiil have established a strategic alliance.
Through this partnership, Ethiopians residing abroad can send money straight to their M-Pesa digital wallets, revolutionising their remittance process.
Through this partnership, Ethiopians abroad can use Dahabshiil’s extensive network to send funds directly to their loved ones’ M-Pesa digital wallets, eliminating the need for physical cash transfers or lengthy queues. This streamlined process promises to save time, reduce costs, and increase the convenience and security of remittances.
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The agreement is anticipated to significantly impact the Ethiopian diaspora population, enabling them to support their friends and family back home more efficiently.
M-Pesa and Dahabshiil Join Forces for Economic Growth
Musse Mohamed, Ethiopia’s country representative in Dahabshiil, commented on the partnership by saying that they are delighted they have partnered with Safaricom’s M-Pesa Ethiopia, giving their diaspora customers another channel to send money there, further enabling them to support their loved ones.
This partnership between M-Pesa Africa and Dahabshiil is evidence of their shared aim for financial inclusion and economic growth. Due to this development, m-Pesa Africa is firmly established as a leader in the mobile financial services industry, which further broadens its reach and offerings.
As a significant participant in international money transfers, Dahabshiil is an excellent partner. Acting Chief Digital Finance Officer of M-Pesa Anthony Kangethe said, “Together, they will share a vision of financial inclusion and driving economic development.
About M-Pesa and Dahabshiil
M-Pesa is the largest fintech platform in the region and the most successful mobile money service in Africa. Because of its exceptional convenience and safety, M-Pesa is the preferred payment method for banked and unbanked individuals throughout the continent.
Millions of people who own mobile phones but lack bank accounts or have restricted access to banking services are also served by it in terms of financial services.
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Currently, M-Pesa offers more than 51 million users in seven African nations a safe, economical, and convenient method to send and receive money, top-up airtime, pay bills, receive wages, get short-term loans and much more.
Dahabshiil is a well-known business that has been sending money worldwide since 1970. It started as a small trade company in Burao, Somalia and has grown into a global company that helps people and businesses in over 150 countries with their money.
Dahabshiil helps people outside of Africa send and receive money, do banking, and use mobile banking. People know that the company cares about community growth and supports many social and humanitarian projects. Its main office in Dubai focuses on security and compliance to ensure that all of its customers’ financial operations are safe and quick.