{"id":20267,"date":"2023-05-11T11:18:52","date_gmt":"2023-05-11T11:18:52","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor"},"modified":"2023-05-11T12:49:31","modified_gmt":"2023-05-11T12:49:31","slug":"nbe-grants-first-mobile-money-license-to-foreign-investor","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor","title":{"rendered":"NBE Grants First Mobile Money License to Foreign Investor"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ethiopia. <\/strong><\/span>The National Bank of Ethiopia (NBE) has granted a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc, a subsidiary of Safaricom Telecommunication Ethiopia Plc.<\/p>\n<p>This is the first mobile money license granted to a foreign investor in Ethiopia.<\/p>\n<p>The issuance of the mobile money license reflects the NBE&#8217;s on-going objective of fostering financial innovation and inclusion in the Ethiopian market, according a statement NBE issued today.<\/p>\n<p>With NBE support, the menu of digital finance offerings-including mobile banking, mobile wallets, internet banking, and card banking has expanded rapidly in recent years, showing the strong underlying public demand for the use of such services.<\/p>\n<p>\u201cWe welcome this shift to the use of digital financial services so as to bring greater efficiency, safety, and transparency to the country&#8217;s rapidly growing financial system,\u201d it said.<\/p>\n<p>Looking ahead, the NBE will continue to take measures to deepen Ethiopia&#8217;s digital finance ecosystem. To this end, we will strongly support the spread of digital payment systems as a substitute for cash-based transactions within the economy.<\/p>\n<p>The statement added that \u201cWe will also welcome the introduction of diverse forms of digital financial services so that, ultimately, these become a tool to help citizens transact, save, borrow, invest, and more as Ethiopia&#8217;s financial system is modernized over the coming years.<\/p>\n<p>The National Bank of Ethiopia wishes Safaricom&#8217;s M-PESA service well as it launches its operations in the very near future.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ethiopia\">Ethiopia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ethiopia. The National Bank of Ethiopia (NBE) has granted a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc, a subsidiary of Safaricom Telecommunication Ethiopia Plc. This is the first mobile money license granted to a foreign investor in Ethiopia. The issuance of the mobile money license reflects the NBE&#8217;s on-going [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":20266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,277,235],"class_list":["post-20267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NBE Grants First Mobile Money License to Foreign Investor - Ethiopia<\/title>\n<meta name=\"description\" content=\"The National Bank of Ethiopia (NBE) has granted a mobile money service license to Safaricom M-Pesa Mobile Financial Serv ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE Grants First Mobile Money License to Foreign Investor\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Ethiopia (NBE) has granted a mobile money service license to Safaricom M-Pesa Mobile Financial Serv ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-11T11:18:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-11T12:49:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/05\/postQueueImg_1683787740.76.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NBE Grants First Mobile Money License to Foreign Investor\",\"datePublished\":\"2023-05-11T11:18:52+00:00\",\"dateModified\":\"2023-05-11T12:49:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor\"},\"wordCount\":260,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/05\/postQueueImg_1683787740.76.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/nbe-grants-first-mobile-money-license-to-foreign-investor\",\"name\":\"NBE Grants First Mobile Money License to Foreign Investor - 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