Safaricom adds Mastercard payment option for M-Pesa merchants

Ethio Telecom has announced a meeting with financial giant Mastercard to explore how the two companies can leverage technology to upgrade digital financial services.

While it’s been a holiday season in many parts of the world, it’s been a busy week for Safaricom Ethiopia – at least in terms of significant announcements involving M-Pesa services and coverage growth.

Safaricom Ethiopia’s mobile money platform M-Pesa and Awash Bank announced on Monday they have signed a strategic partnership to roll out digital financial products, starting with an overdraft service that allows customers to complete M-Pesa transactio…