Ethiopia's Telebirr has partnered with Zeepay, the Ghanaian fintech company, to facilitate cross-border payments. The partnership aims to open up digital payments across Africa, and give Telebirr access to over 150 million customers.
Founded in 2014 in Ghana, Zeepay focuses on digital rails to connect digital assets such as mobile money wallets, cards, ATMs, bank accounts, and digital tokens to international money transfer operators, payments, subscriptions, international airtime and refugee payments. Zeepay says theirs is an effort to promote and improve financial inclusion, which in turn will make the world a better place to live.
“It is a delight to see where Zeepay is going, and a privilege to be among the first fintechs to have been accepted by the Ethiopian central bank," Dede Quarshie, Zeepay's Commercial GM commented. "We do not take this show of confidence for granted. We look forward to growing with Ethiotelecom and deepening our partnership with Telebirr.”
The collaboration between Telebirr and Zeepay also aims to cater to the money transfer needs of over two million diaspora who send remittance home.
Launched in May 2021 by Ethiopia's telecom giant Ethio Telecom, Telebirr is a mobile money service that allows customers of Ethio Telecom, to send, store and receive money using only their phone number, with an aim to extend mobile services to our financially excluded sections of society.
Source: Digital Times Africa