Kacha Digital Financial Service joins the EthSwitch payment system in Ethiopia
Addis Ababa, August 30, 2022 (FBC) – Kacha Digital Financial Service S.C. has reportedly joined EthSwitch S.C., a payment platform for commercial banks, after the two institutions signed the agreement.
Kacha mobile money transfer is said to be able to provide transactions without cash through 30,000 agents in the country in collaboration with banks, microfinance institutions, insurance, and credit and savings institutions.
Kacha is expected to expand its service by joining EthSwitch and help its customers get efficient service.
Its customers are also said to be able to open a mobile account, make income and expenditure through agents and other options, small savings, loans, insurance services, direct payments and international payments.
In addition, Kacha offers new services that can ease and improve day-to-day life, including money transfers, mobile airtime, ATM payment cards and cashless transactions.
Reports further noted that Kacha Digital Financial Services is conducting a trial application to enter the market, and it is also the first private mobile money service provider in Ethiopia.