Ethiopia is one of the last countries in Africa to permit mobile banking.
Mobile banking has proved to be profitable in the developing world, where many people still do not use banks. Earlier this year, the World Bank reported that seventy-five percent of the world’s poor are “unbanked.” That is about two point five billion people. Banking through mobile telephones lets people take part in financial services even if they are not near a bank office.
In Africa, only Ethiopia and Zimbabwe do not provide mobile money services. Now, that will change for Ethiopia.
BelCash and M-Birr are mobile banking technology providers. They have been setting up mobile banking and mobile money services in Ethiopia for the past three years.
Dutch company BelCash is working in partnership with banks to provide easier access to financing through bank accounts. Ireland-based M-Birr is a mobile money service that works with micro finance groups where no registration at a bank is needed.
Ethiopia’s mobile industry is young. And wireless service coverage in the country is not well developed. The pressure on the wireless network is expected to increase.
In the past four years, the number of mobile users grew from three to seventeen million. And Ethiopia’s telecommunications provider, Ethio Telecom, expects that number to grow to forty million in the next three years.
The government closely controls Ethiopia’s telecommunications market. That means there is only one provider. Competition is not permitted.
M-Birr General Manager Thierry Artaud says Ethiopia’s neighbors have several mobile providers.
"If you look at your neighbors, Kenya, Tanzania Uganda, they all have multiple mobile operators and they all have mobile money services and even multiple mobile money services.”
He says, if Ethiopia had no restrictions, his company would have to compete with larger companies.
Ethiopia has looked at other developing countries with mobile banking. National Bank of Ethiopia officials visited Kenya, Pakistan and Brazil.
Frezer Ayalew is with the National Bank of Ethiopia. He says mobile banking services will help the country.
“For the economy it has great contribution in terms of mobilizing domestic savings with these services.”
The National Bank of Ethiopia recently finished a draft order on how mobile banking services should be structured. This comes as more companies have shown interest in starting mobile banking services.
体坛英语资讯:Canadian teenager Andreescu defeats S.Williams to win US Open title
体坛英语资讯:Zverev wins third consecutive five-setter, Wozniacki trails at Roland Garros
Dream 梦想
体坛英语资讯:China sweeps medal board at FINA Diving World Cup
国际英语资讯:Annual British monarchs birthday celebrations sees latest royal Meghan Markle on parade
国内英语资讯:Chinas high-tech manufacturing industry sees rapid growth in Aug.
Be Helpful to Others 乐于助人
体坛英语资讯:Australia defeat Hungary 2-1 in World Cup warm-up
体坛英语资讯:Turkey edge Portugal 2-1 to reach Toulon semis
国内英语资讯:Lawmakers encouraged to expose loopholes in enforcement of air pollution control law
2018年6月英语四级作文范文:关于智力
体坛英语资讯:Colombia full-back Fabra to miss World Cup with knee injury
国际英语资讯:G7 summit kicks off in Canada amid trade disputes between U.S., allies
国际英语资讯:UNGA adopts resolution on protection of Palestinian civilians
体坛英语资讯:Schalke extend contracts with Faehrmann, Nastasic
Creativity 创新
体坛英语资讯:Confidence regained as China beats South Korea in FIBA World Cup
体坛英语资讯:Leaders Flamengo extend Brazilian Serie A winning run
国际英语资讯:Syrias Assad says Israel, U.S. hinder settlement deal in southern Syria
国际英语资讯:UN blames conflict, economic hardship on rise of statelessness in South Sudan
体坛英语资讯:Brazil beat Austria 3-0 in last World Cup warm-up match
国际英语资讯:Egypt changes defense, interior ministers in cabinet reshuffle
国际英语资讯:Ethiopia PM vows not to harm Egypts share of Nile water
2018年6月英语四级作文范文:申请信
国内英语资讯:HKSAR chief executive vows greatest resolve to end violence
国际英语资讯:Saudi Arabia intercepts missile fired towards border city Jazan
国际英语资讯:Ethiopia rejects presence of more party in Ethiopian dam talks
国际英语资讯:Protest-ridden Nicaragua resumes national dialogue
国内英语资讯:Xi stresses building elite maritime force during navy inspection
体坛英语资讯:Olympiacos win Greek mens handball championship
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |