M-PESA and Chapa Enter into Partnership for M-PESA Services Integration

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ADDIS ABABA, Ethiopia, 6 December 2023 -/African Media Company(AMA)/-Safaricom M-PESA Cellular Monetary Companies PLC and Chapa Monetary Applied sciences Share Firm have entered right into a partnership settlement to offer M-PESA providers for entrepreneurs, companies, and authorities providers on Chapa’s fee aggregator platform.  

The partnership goals to spice up the benefit of transactions for each retailers and M-PESA prospects within the Ethiopian market.  

By this settlement, retailers utilizing Chapa’s fee gateway system can obtain funds from Safaricom M-PESA prospects. Concurrently, M-PESA prospects can make fast and safe funds to retailers on Chapa’s checkout. 

“Chapa is likely one of the quickly rising fee system operators in Ethiopia and partnering with them enhances our objective of creating M-PESA obtainable all over the place. The digitization course of in Ethiopia has picked up momentum and such partnerships additional improve the benefit with which individuals make their transactions,” said Paul Kavavu, Normal Supervisor of Safaricom M-PESA Cellular Monetary Companies PLC. 

Chapa, however, sees this partnership as a chance to broaden its buyer base and supply a broader vary of fee options to its retailers. Furthermore, changing into a service provider with Chapa includes a streamlined, absolutely on-line onboarding course of, making certain ease and comfort each step of the best way. 

“M-PESA has been acquired warmly right here in Ethiopia as demonstrated by its onboarding of over 1,000,000 prospects in its first three months. Partnering with them permits retailers utilizing our fee gateway to simply transact with this quickly rising buyer base. Due to this fact, the partnership helps each events develop collectively whereas empowering entrepreneurs and companies,” remarked Chapa’s Co-Founder and CEO, Nael Hailemariam.  

Safaricom M-PESA and Chapa are dedicated to offering environment friendly and accessible fee options to customers. The partnership is predicted to create extra alternatives for purchasers of each M-PESA and Chapa, in the end resulting in a greater buyer expertise and extra vital progress in the direction of monetary inclusion.

Distributed by African Media Agency (AMA) on behalf of Chapa.

About M-PESA Safaricom 

Safaricom M-PESA Cellular Monetary Companies PLC, a subsidiary of Safaricom Ethiopia, acquired a Fee Instrument Issuer License from the Nationwide Financial institution of Ethiopia in Might 2023 and went operational in August 2023. M-PESA supplies fast and straightforward monetary providers to anybody with a cell phone. You don’t want a checking account to make use of M-PESA, only a Safaricom SIM card! 

About Chapa

Chapa is a number one fee resolution supplier devoted to revolutionizing digital funds in Ethiopia. By providing seamless and safe fee experiences, Chapa empowers companies and retailers to attach with their prospects effortlessly. With a powerful dedication to monetary inclusion, Chapa is driving the transformation of Ethiopia’s digital financial system.

Media Contact:

M-PESA Safaricom media contact

Tewedaj Eshetu

EHOD PR and Communications

Safaricom Ethiopia

+251799003381

Rediet Alemayehu

Content material Creator and Media Supervisor

Chapa Monetary Applied sciences S.C

rediet@Chapa.co

+251934103723

The submit M-PESA and Chapa Enter into Partnership for M-PESA Services Integration appeared first on African Media Agency.



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