Addis Herald
  • Home
  • History
  • Africa
  • Travel
  • Music
  • Culture
  • Art

Culture

  • BF1CAA6E-18B6-422A-B62B-16E90D1E0AD5Ethiopian Food as Divine Blessing
  • Skylight-hotel-New-Year-719-Copy-Copy-2-Copy-1How Perfect Is Ethiopian Calander? The Answer Lies On The Seventh Day Of Pagume ‘Aqede’
  • 581FB89E-5B1B-42C7-9A4C-C6658A75C52FEight must-try dishes for Ethiopian New Year in the UAE
  • ED93F3AC-74DA-413B-9810-5B803E7A915FLet this 99-year-old nun be your introduction to Ethio-jazz
  • E00B6DCF-A08A-4223-8597-6734E7355A12Dagmawi Lalibela: The Newest Rock-hewn churches in Ethiopia

Business

  • 49694448-951E-40EB-892F-0DC7CA997B7FWe want to help African airlines recover as we develop region’s aviation industry
  • 4423A6A8-9118-4001-A568-29491271B89BEthiopian Airline Expect To Double Its Fleet And Network By 2035
  • 338F47E9-4A86-4C4F-B56B-479A33A38BDBEthiopian To Fly 3x Daily To Johannesburg and Daily To South American Cities
  • 72B160A7-3A4E-49D6-984C-8AAFB0B7F710Ethiopia and Somalia are Scripting History With a Joint Infrastructure Project
  • 6A6D21B7-BE07-41C3-BC38-D28986C21290Ethiopian Airlines emerges core investor in Nigeria Air with 49% shareholding

Africa

  • Flag-map_of_Algeria.svgAlgeria
  • C440468B-373F-4269-A304-F8C6C8601C31Is Al-Shabab a UN puppet, latest developments strongly suggest so
  • 53BFAF0F-3573-48A6-A062-B650F6D96118Did You Know 14 Teams With Players Of African Origins In 2022 World Cup
  • 45FE9518-D50A-4265-874F-6BB435842EB7Ten key Points That African Leaders Committed To Industrialize The Continent
  • 46E10F33-E3C8-4F7A-9B31-A3204390FC3CNCBA eyes deals for M-Shwari into DRC, Ethiopia
M-Birr
September 21, 2020

Fixation on use of physical cash is a major barriers for Mobile money in Ethiopia.

The chief of Ethiopian mobile money provider M-Birr tipped the sector for huge growth following a change in regulation, but warned prospective new players barriers remained due to a fixation on use of physical cash.

In an interview with Mobile World Live, M-Birr MD Thierry Artaud said the provider was currently in the process of raising funds to expand its service. It is targeting a base of 26 million customers within five years, alongside a network of around 450,000 transaction points across the country.

Set-up for the service began in 2009: in the years since, the company signed-up 1.8 million users and a network of almost 33,000 points-of-presence covering branches, agents and other merchants.

As major mobile operator groups tussle to enter the country’s telecoms market and potentially eye a role in the mobile money sector at the same time, Artaud said the company would welcome partnerships and even competition as it would help expand the ecosystem.

“Incoming telcos who do launch mobile money will create a bit of emotion in the market,” he added. “This will help financial inclusion and digital finance in general, and therefore benefit all parties, so we would see that as a positive development.”

Domestic players

Regulatory changes were announced in the country in 2019 to open the mobile money sector to new players. However, as they currently stand, there are still restrictions on non-domestic companies which could cause major issues for incoming operator groups.

Even if new mobile entrants are allowed to add mobile money, Artaud warned it “will not be a fast and quick affair” adding a “cash mindset” had hampered its own growth thus far, and was an area which would need to be addressed.

“The biggest barrier to a massive growth in M-Birr was the regulatory aspect, which is now fixed, and people’s mindsets being set on cash. Not just consumers but also the business community where everything works on cash.”

“One of the reasons for that is a lack of infrastructure”, he added, noting there was still no interoperability between different banks’ payment systems.

To deliver nationwide account-to-account interoperability Artaud said M-Birr had to work with its financial institution partners to create its own payment and settlement switch in the absence of a central system.

Gunda Gundo: A Monastery that Embraces Astounding Architectural Masterpieces Despite COVID pandemic Ethiopia-Djibouti railway records increase in revenue

Related Posts

C440468B-373F-4269-A304-F8C6C8601C31

Africa, Headlines

Is Al-Shabab a UN puppet, latest developments strongly suggest so

45FE9518-D50A-4265-874F-6BB435842EB7

Africa, Headlines

Ten key Points That African Leaders Committed To Industrialize The Continent

4423A6A8-9118-4001-A568-29491271B89B

Ethiopian Airline, Headlines, Uncategorized

Ethiopian Airline Expect To Double Its Fleet And Network By 2035

4 kilo

https://youtu.be/FgCCCrGK8wE

እናትዋ ጎንደር

https://youtu.be/RRqTpYYb7d4

Travel

  • Ethiopia has Over 10,000 Megalithic Monuments dating Back to the 1st CenturyEthiopia has Over 10,000 Megalithic Monuments Dating Back to the 1st Century
  • ethiopia_ethiopian_wolf_35Brilliant Ethiopia: The Unique Wonder
  • F6BD7E94-BC77-4B3E-B905-7B140F12F5FDKenya Had an Elephant ‘Baby Boom’ — and Now You Can Adopt One
  • Addis_herald_omo_3910 Main Tourist Attractions Places in Africa
  • Homage to Entoto Park How the Old “Town in the Forest” is turning into a newly flowering tourist hubHomage to Entoto Park How the Old “Town in the Forest” is turning into a newly flowering tourist hub

Africa

  • Flag-map_of_Algeria.svgAlgeria
  • C440468B-373F-4269-A304-F8C6C8601C31Is Al-Shabab a UN puppet, latest developments strongly suggest so
  • 53BFAF0F-3573-48A6-A062-B650F6D96118Did You Know 14 Teams With Players Of African Origins In 2022 World Cup
  • 45FE9518-D50A-4265-874F-6BB435842EB7Ten key Points That African Leaders Committed To Industrialize The Continent
  • 46E10F33-E3C8-4F7A-9B31-A3204390FC3CNCBA eyes deals for M-Shwari into DRC, Ethiopia

Culture

  • BF1CAA6E-18B6-422A-B62B-16E90D1E0AD5Ethiopian Food as Divine Blessing
  • Skylight-hotel-New-Year-719-Copy-Copy-2-Copy-1How Perfect Is Ethiopian Calander? The Answer Lies On The Seventh Day Of Pagume ‘Aqede’
  • 581FB89E-5B1B-42C7-9A4C-C6658A75C52FEight must-try dishes for Ethiopian New Year in the UAE
  • ED93F3AC-74DA-413B-9810-5B803E7A915FLet this 99-year-old nun be your introduction to Ethio-jazz
  • E00B6DCF-A08A-4223-8597-6734E7355A12Dagmawi Lalibela: The Newest Rock-hewn churches in Ethiopia

Business

  • 49694448-951E-40EB-892F-0DC7CA997B7FWe want to help African airlines recover as we develop region’s aviation industry
  • 4423A6A8-9118-4001-A568-29491271B89BEthiopian Airline Expect To Double Its Fleet And Network By 2035
  • 338F47E9-4A86-4C4F-B56B-479A33A38BDBEthiopian To Fly 3x Daily To Johannesburg and Daily To South American Cities
  • 72B160A7-3A4E-49D6-984C-8AAFB0B7F710Ethiopia and Somalia are Scripting History With a Joint Infrastructure Project
  • 6A6D21B7-BE07-41C3-BC38-D28986C21290Ethiopian Airlines emerges core investor in Nigeria Air with 49% shareholding

RSS Allfrica.com News feed

  • Africa: Senegal Star Sy Named CHAN 2022 Best Goalkeeper
  • Africa: L'algérino, Ckay, Zaho Ignite CHAN 2022 Closing Ceremony
  • Africa: Algeria's Mahious Scoops CHAN 2022 Golden Boot Award
  • Africa: Senegal Win Penalty Shootout Against Algeria to Become CHAN Champions
  • Africa: Algeria's Mrezigue Named TotalEnergies CHAN 2022 Best Player
  • Africa: Dax Elated With Madagascar Presidential Phone Call
  • Africa: Niger Proud of CHAN Campaign Despite Loss
  • Africa: Rakotondrabe Over the Moon Following CHAN Bronze
  • Africa: Madagascar Beat Niger to Clinch TotalEnergies CHAN Third Place
  • Africa: World Will Miss Target of Ending FGM By 2030 Without Urgent Action - Including From Men and Boys
  • Abijitta-Shalla National Park
  • Alatish Ethiopian National Park
  • Awash National Park
  • Babille Elephant Sanctuary
  • Bahir Dar Blue Nile Millennium Park
  • Bale National Park; Ethiopia’s lesser-known Treasure
  • Bale Mountains National Park
  • Borena-Sayint National Park
  • Chebera Churchura National Park
  • Dati Wolel National park
  • Gambella National Park
  • Gambella National Park 2
  • Kafta-Sheraro National Park
  • Mago National Park
  • Maze National Park
  • Nechisar National Park, Ethiopia
  • Omo National Park 
  • The Semien Mountains
  • Yabello National Park
  • Yangudi Rassa National Park
© Addis Herald 2023
  • Contact us
en English
am Amharicar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanel Greekhi Hindiit Italianja Japaneseko Koreanla Latinru Russianes Spanishsu Sudanesesw Swahilisv Swedish