Ethio Telecom to launch new mobile money service in Ethiopia

Ethio Telecom has announced the launch of its new mobile money service called TeleBirr which will be available to Ethio Telecom subscribers.

Tele Birr, an innovative mobile money solution from Ethio-telecom, will allow customers to send, receive, store, transfer, and spend their money through electronic mobile phone accounts. Tele birr also helps in paying bills such as school fees, utility, DSTV, and others. Users also get the opportunity to cash out SMS, buy prepaid airtime, voice, data bundles, while customers can pay direct connect accounts with other Ethio Telecom subscribers.

Customers then receive money from the diaspora, access loans, save and link their bank accounts to Tele Birr wallets which feature a manager TeleBirr account. Payments via mobile devices will be eased, adding to credit cards, cash, and cheques.