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One million sign up to Ethio Telecom s Telebirr mobile money Quartz 2 hrs ago Tawanda Karombo © Provided by Quartz Ethio-Telecom Chief Executive Officer, Frehiwot Tamiru addresses delegates during the launch of a mobile phone-based financial service named Telebirr mobile money service, in Addis Ababa, Ethiopia More than 1 million cellphone subscribers in the populous African country of Ethiopia have registered for a new mobile money service less than a week after its launch by state-controlled Ethio Telecom, the company has said. The service, called Telebirr, is to be integrated with banks in the coming weeks. The interest in Ethiopia’s first mobile money platform reflects “the huge pent-up demand for mobile money services in Ethiopia,” a spokesperson for the World Bank said. Combined with the government’s process to open up the telecom sector to foreign players, it expects soon “to see a wider range of digital financial services, such as onli

United kingdomFrehiwot tamiryAddis ababaFrehiwot tamiruAyobami omoleAfrica angela wamolaInternational journal of economicsEthio telecomTellimer researchWorld bankEthio telecom chief executive officerQuartz ethio telecom chief executive officerSafaricom ownedm pesaSaharan africaSaharan africa angela wamolaInternational journal