Authentication Agency Latest to Strike Telebirr Deal

Sep 10 , 2022


The Document Authentication & Registration Agency (DARA) is the latest government institution to ink sign up for an electronic payment system under Ethio telecom's Telebirr mobile money platform. The Agency will allow for the settlement of service charges through Telebirr at any of its 15 branch offices, which serve more than 7,000 people a day involving transactions of over six million Birr. The services include the authentication of vehicle sales, rental and loan agreements, as well as memorandums of association. The state-owned Ethio telecom's Telebirr has garnered close to 23 million users since it was launched last May and facilitated transactions valued at over 26.6 billion Br. The platform has been designated as the mode of reimbursement for public transport vehicle owners under the federal government's new dual-rate system at gas stations following the start of a progressive lift-off of fuel subsidies.


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Commercial Bank Collects $3.2b in Foreign Currency

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