HelloCash is a popular mobile money service in Ethiopia provided by banks and micro finance institutions.
In a country where only around 1-in-10 people has a bank account, HelloCash aims to bring financial services, such as deposits, withdrawals, transfers and payments, to users on their mobile phones. Users can load their HelloCash wallets with cash at agent locations nationwide, or via bank transfer in the case of customers of participating banks.
The infrastructure is shared, allowing multiple banks and microfinance institutions to serve each other’s customers.
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