M-PESA Partners Chapa Financial Technologies to Provide M-PESA Services For Businesses, Others

Safaricom mobile money payments platform, M-Pesa, has partnered with Chapa Financial Technologies to provide M-PESA services for entrepreneurs, businesses, and government services on Chapa’s payment aggregator platform.

This partnership will allow businesses that use Chapa’s payment gateway system to accept payments from M-Pesa users, enhancing seamless transactions for both merchants and M-PESA customers in the Ethiopian market.

Speaking on this partnership, the General Manager of Safaricom M-PESA Mobile Financial Services PLC, Paul Kavavu said, 

“Chapa is one of the rapidly growing payment system operators in Ethiopia and partnering with them complements our goal of making M-PESA available everywhere. The digitization process in Ethiopia has picked up momentum and such partnerships further enhance the ease with which people make their transactions”.

Also commenting, Chapa’s Co-Founder and CEO, Nael Hailemariam said,

“M-PESA has been received warmly here in Ethiopia as demonstrated by its onboarding of over a million customers in its first three months. Partnering with them allows merchants using our payment gateway to easily transact with this rapidly growing customer base. Therefore, the partnership helps both parties grow together while empowering entrepreneurs and businesses”.

Chapa’s collaboration with M-PESA, a leading mobile money service, signifies an alignment of strategic goals to improve its financial services in the Ethiopian market.

By entering into this partnership, M-PESA and Chapa aim to create synergies that capitalize on the strengths and user bases of both platforms.

Notably, this could lead to increased convenience for individuals using M-PESA services through Chapa, potentially fostering greater adoption and a surge in financial inclusion rate.