Equity Group in talks with Ethiopian banks for cross-border mobile payments, e-commerce

Thursday 23 August 2018 | 10:09 CET | News
Equity Group Holdings' financial technology unit is in discussions with six Ethiopian banks to collaborate on cross-border mobile payments and e-commerce, reports Bloomberg. Finserve Africa, a wholly owned subsidiary of Kenya's biggest lender by market value, is targeting remittances from 3 million Ethiopians living outside the country, MD Jack Ngare said. Many African nations are eyeing entry into the Horn of Africa country that has signaled it will open up its economy to foreign investment.

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Categories: Mobile & Wireless
Companies: Alipay / Bharti Airtel / Finserve Africa / Tencent
Countries: Ethiopia / Kenya
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