FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds

Fortune Logo

Dec 4 , 2022
By RUTH TAYE ( FORTUNE STAFF WRITER )

Telebirr users will receive a digital payment system that integrates a dynamic QR Code, simplifying and offering payment options for the services and products they buy.

Ethio telecom and CNET jointly launched a system that offers clients receipts with a unique QR Code scanned by phones. The Enterprise Resource Planning (ERP) system will be fed real-time information on transactions and monitored by CNET Software Technologies Plc.


Telebirr offers other payment preferences: one-time password (OTP), which uses a reference PIN sent to customers' mobile after the clerk is informed in advance that the customer is issuing payment through Telebirr. Conventional QR Code platform, and USSD push, where once the transaction is made, consumers receive a payment confirmation message from Telebirr 127.

The state-owned enterprise, Ethiotelecom, has inked deals with the private software solutions provider at an event held at Sheraton Addis on Thursday, November 24.



The company, registered under the Be'ment Demessie, was incorporated in 2004 with a 13.5 million Br initial capital. It has made its name for installing software for fiscal printers used by over 4,000 businesses, served through nine branches.

The state enterprise is working aggressively to meet the demands of public services providers such as hospitals, pharmacies and cafes, said Firehiwot Tameru, CEO.


"We're not there yet," she conceded.

Ethio telecom targeted customers include the entertainment and hospitality industry, disclosed Firehiwot.

Ethio telecom has introduced three mobile financial services, Telebirr Mela, Telebirr Endekise and Telebirr Sanduq, for micro-credit and saving services with over one billion Birr transactions in partnership with Dashen Bank. The digital payment system has acquired a 25.85 million subscriber base within a year of its launch, served by 101 master agents, 87,000 agents, and 23,000 traders. It has been integrated with 17 banks transacting over 153 billion Br.


PUBLISHED ON Dec 04,2022 [ VOL 23 , NO 1179]

[ratemypost]


Related Posts

[ssba-buttons]

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

The Missing Half of Ethiopia's Coffee Plan

The 3.1 billion dollars in coffee export earnings Prime Minister Abiy Ahmed (PhD) ann...

When a Cheque Stops Meaning Pay Now

A cheque works because it promises one thing without conditions, which is to pay this amount, now. Strip away that certa...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Millions Looking for Work. Companies Cannot Find Many to Hire. A Paradox?

Jul 18 , 2026

Pressed in Parliament on jobs and household incomes, Prime Minister Abiy Ahmed (PhD)...

Ethiopia Needs a Peace Premium the IMF Cannot Supply

Jul 11 , 2026

At a market stall, reform arrives without a communique. It comes as a higher transpor...

The New Gold Standard Comes with a Warning Label

Jul 4 , 2026

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-paym...

The Rent Law Protects No One Well. Time to Rewrite It.

Jun 27 , 2026

The federal legislative house rushed through one of the country's most contentious ho...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

A Consultation Worth Less Than Bread

Imagine spending seven years studying medicine, completing demanding clinical rotatio...

A Body Trapped in Tomorrow

A medical doctor friend recently shared an area of research that had captured her attention. "Our bodies can't always tell the difference...

Life Matters

The Doors That Speak

It feels like a lifetime ago since I wore a high school uniform. Memory can be a fickle thing, and perhaps time has softened the edges of th...

Borrowing From Tomorrow to Survive Today

The other day, I was having coffee with a friend, let's call her Maya: when she confessed something that...