Ethiopian Birr

Kacha is Ethiopia's first private sector mobile money operator, licensed by the National Bank of Ethiopia. It provides a regulated mobile wallet platform aimed at expanding financial inclusion, particularly for the underbanked population.

HelloCash is a digital payment platform offering mobile money services in Ethiopia, supporting P2P transfers, merchant payments, and bill payments. It operates through an agent network and mobile app.

M-Pesa is Kenya's transformative mobile money service, launched by Safaricom in 2007. It enables users to send money, pay bills, buy goods, and access financial services via a basic mobile phone — no smartphone or bank account required. With over 30 million active users and 93% market share in Kenyan mobile money, M-Pesa is the default payment method for a large portion of the population and is deeply integrated into e-commerce via the Daraja API and third-party gateways like Flutterwave and Pesapal.

Telebirr is Ethiopia's dominant mobile money platform, launched in May 2021. It has evolved from basic P2P transfers into a super app handling bill payments, government fee collection, e-commerce, entertainment, and insurance. With 54.8 million users as of mid-2025, it is among Africa's fastest-growing mobile money services.

CBE (Commercial Bank of Ethiopia) is Ethiopia's largest bank by a vast margin, a state-owned institution with over 2,000 branches.

Aggregate of remaining banks in Ethiopia, collectively ~50.0% of domestic banking assets.