TeleBirr is finally here

Ethiopia's sole mobile operator, Ethio Telecom has been working on a mobile money and payment solution for the past two years. After the National bank of Ethiopia issued a new directive last year, Ethio Telecom was able to release its platform now. The mobile money service is similar to M-PESA, the Kenyan-based mobile money service, and is expected to offer an alternative to the current inefficient banking system.