Safaricom M-PESA Mobile Financial Services PLC and Chapa Financial Technologiesย Share Company have entered into a partnership agreement to provide M-PESA servicesย for entrepreneurs, businesses, and government services on Chapaโs payment aggregatorย platform.ย ย
The partnership aims to boost the ease of transactions for both merchants and M-PESAย customers in the Ethiopian market.ย ย
Through this agreement, merchants using Chapaโs payment gateway system can receiveย payments from Safaricom M-PESA customers. Simultaneously, M-PESA customers canย make quick and secure payments to merchants on Chapaโs checkout.ย
โChapa is one of the rapidly growing payment system operators in Ethiopia and partneringย with them complements our goal of making M-PESA available everywhere. Theย digitization process in Ethiopia has picked up momentum and such partnerships furtherย enhance the ease with which people make their transactions,โ stated Paul Kavavu,ย General Manager of Safaricom M-PESA Mobile Financial Services PLC.ย
Chapa, on the other hand, sees this partnership as an opportunity to expand its customerย base and provide a broader range of payment solutions to its merchants. Moreover,ย becoming a merchant with Chapa involves a streamlined, fully online onboarding process,ย ensuring ease and convenience every step of the way.ย
โM-PESA has been received warmly here in Ethiopia as demonstrated by its onboardingย of over a million customers in its first three months. Partnering with them allowsย merchants using our payment gateway to easily transact with this rapidly growingย customer base. Therefore, the partnership helps both parties grow together whileย empowering entrepreneurs and businesses,โ remarked Chapaโs Co-Founder and CEO,ย Nael Hailemariam.ย ย
Safaricom M-PESA and Chapa are committed to providing efficient and accessibleย payment solutions to users. The partnership is expected to create more opportunities forย customers of both M-PESA and Chapa, ultimately leading to a better customer experienceย and more significant progress towards financial inclusion.
