Yesterday, on February 13, 2014 a meeting was held between Ethiopian Ministry of Communication and Information Technology (MCIT) and stakeholders on the issue of beginning mobile banking in Ethiopia.
Though there are about 23 million mobile subscribers in the country the use of the device for banking purpose is almost null. Except for some banks that use mobile phone banking technology to notify users of their account status and enable to send money to another account, the overall use of mobile phone banking technology to the rural community is not yet started in the country.
Currently EthioTelecom is expressing its readiness to begin the service where the pilot project held at the Amhara Credit and Savings Institution was successful. EthioTelecom is saying that when the network expansion work that could handle the network demand of 69 million subscribers is finalized after six months, the mobile banking service will be started.
The service will help subscribers to transfer money, save and make purchases when and where they want it.
Related articles on the web
ATM Woes:Blame falls at feet of ethio telecom
Ethiopia signs $700 mn mobile network deal with China’s Huawei
Ethiopia to sign a contract with Chinese companies to expand mobile coverage to 40 million subscribers 
Ethiopia to deliver 4G high-speed broad band network to 56 million Ethiopians by 2015
SHOW ME THE MONEY!
Tecno to build handset production plant in Ethiopia
Techno Ethiopia:mobile phone assembly and production company to build factory in Addis Ababa
Ethiopia’s 2025 ambitious plan
Ethiopia Earned US$ 80M from Leather Export during the First Half of FY 2013/14
More foreign companies see mobile assembling locally
Ethiopia: Oromia International Bank received the first and only license to operate Islamic banking
Pay Up! Monthly Tele customers must pre pay
Join Conversations