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M-PESA Ethiopia and Awash Bank Unveil Mobile Overdraft to Boost Financial Inclusion
Source: Tech Africa News
In a bid to expand access to credit and deepen financial inclusion, Safaricom Telecommunications Ethiopia PLC, through its mobile money platform M-PESA Ethiopia, has partnered with Awash Bank to launch a new overdraft service dubbed Errif be M-PESA. The service is available to customers who have been actively using M-PESA for at least 90 days.
The collaboration brings together two of Ethiopia’s leading financial players to deliver digital credit directly through mobile phones, enabling users to complete transactions even when their wallet balance is insufficient. This includes services such as airtime purchase, bill payments, and merchant transactions.
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