Ethio Telecom And Awash Bank Launch 'tila' To Expand Digital Finance Access Nationwide

42 Min(s) Ago    👁 50
 

Ethio Telecom, the nation's leading telecommunications provider, continues to strengthen its role in Ethiopia's digital transformation by expanding access to telecom and digital services. Beyond standard connectivity, the company has actively contributed to the digital solutions and financial sectors, promoting an inclusive digital economy and accelerating nationwide digital adoption.

With over 57.59 million subscribers, Ethio Telecom's telebirr platform has pioneered non-collateral digital micro-credit and savings services that deliver tangible economic impact. In collaboration with partner banks, telebirr has disbursed more than 31.6 billion ETB in digital loans to 15 million customers, while over 4.71 million customers have collectively saved more than 30.3 billion ETB, underscoring the platform's role in empowering citizens financially.

In line with its "Next Horizon: Digital and Beyond 2028 Strategy," Ethio Telecom announced the launch of 'Tila', a new digital finance and device financing service developed in partnership with Awash Bank, Ethiopia's first private bank. The service introduces non-collateral micro-credit and device financing, allowing customers to acquire smartphones through long-term payment options and promoting wider access to digital financial services.

Disclaimer: We are a news aggregator. See full disclaimer here.