Lion International Bank S.C. and Somali Micro Finance Institute S.C., in partnership with Belcash, launched HelloCash services in Ethiopia in February, 2015. Shortly afterwards, Corporative Bank of Oromia S.C. joined the partnership and expanded the mobile money service delivery across Ethiopia. The HelloCash mobile money platform provides financial services to all Ethiopians through their mobile phones. The HelloCash mobile money service is operational in most parts of the country, including a number of functioning agent outlets and branches.
The HelloCash service enables existing and potential customers of the financial institutions to carry out transactions in four key areas of financial transactions: deposits, withdrawals, transfers and payments. One of the unique features of HelloCash mobile money service is the shared infrastructure feature, allowing multiple banks and MFI’s to serve each other’s customers.
This allows all customers of partnering banks to visit any agent or branch to utilise financial services, regardless of which bank the customer belongs to. The sharing of agent networks allows partnering banks to optimize their investment, as well as increase nationwide service coverage.
CEO of Belcash International, Mr. Mountaga Vince Diop stated that this is the beginning of what seems to be an irreversible step to reinforce financial inclusion for all in the country. Belcash Technology Solutions PLC provides the banks and the MFIs, go-to turnkey mobile money solutions (including capacity building, business and operational models, hardware, disaster recovery and call centre facilities) and facilitates the penetration of mobile and agent banking in the Ethiopia's financial landscape. The financial institutions providing HelloCash in Ethiopia are confident in building a unique network of more than 20,000 agents across all of Ethiopia within the next 3 years.
Modern Technology Solutions, Inc. (MTSI) is a 100% employee-owned engineering services and technology solutions company delivering first-choice capabilities to solve problems of global importance.
To send money, simply dial *894*Amount*Account Number#; select beneficiary bank; confirm amount, beneficiary name and enter five-digit PIN; then select account to debit.
On 16 August, Safaricom launched its mobile money service M-PESA in Ethiopia, Africa's second largest country by population at just over 120 million. The much-anticipated launch is a key milestone for the digital financial services sector and for financial inclusion in the country.
TalkRemit is the fast secure and low-cost online money transfer service for sending money to Ethiopia. Our trusted global remittance platform and online money transfer app is the most convenient way to transfer money to Ethiopia. It's safe, reliable and hassle-free.
Digital lending platforms offer a promising and potentially transformative solution to this challenge in Ethiopia. These platforms are online or mobile applications that use technology to provide loans without needing physical collateral or extensive paperwork.
The MTSI mission is to make important and lasting contributions to the nation's defense and security by providing leadership and best- value solutions to solve America's most technically challenging strategic problems.
“Our growth as a company to now over 1,700 employee-owners exemplifies the outstanding service and support to solving highly technical problems of global importance for our customers. MTSI thrives on an “Employees Come First” culture.
If you are looking for a USSD code, the best place to start is by contacting your service provider. They will be able to provide you with a list of codes that you can use.
USSD Money Transfer. Unstructured Supplementary Service Data (USSD) allows users without a smartphone or data/internet connection to use mobile banking through the *99# code.
Unstructured Supplementary Service Data (USSD), sometimes referred to as "quick codes" or "feature codes", is a communications protocol used by GSM cellular telephones to communicate with the mobile network operator's computers.
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