Ethio Telecom launches mobile money services as new entrants miss out

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Ethio Telecom has now announced its first foray into the realm of mobile financial services, a sector booming across the entire African continent.  The service, named TeleBirr, will allow customers to make cashless transactions, including sending and receiving money, depositing and withdrawing cash from selected locations, paying bills, and receiving cash sent from abroad.  Part of the motivation here is to allow the country&rsquo…

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