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Ethio Telecom Launches Telebirr-Based

Digital Financial Marketplace Enabling
Financial Institutions To Offer Diverse
Services And Digital Share Sell/Buy Platform
 December 21, 2023

B eing the pioneering telecom service provider in Africa and serving this great

nation and people for over 129 years, Ethio telecom is now expanding its focus
beyond connectivity services. Driven by a vision to become a leading digital solutions
provider, it strategically identifies sectors vital for national development and
economic growth and utilizes its maximum efforts in deploying technologies and
digital innovative solutions to empower these sectors for enhanced competitiveness
and efficiency.
Aligned with this initiative, our company has officially launched today, a telebirr
based Digital Financial Marketplace that enables Banks, Microfinance, Insurance,
and other institutions in the ecosystem to use the platform and easily make their
financial products accessible and inclusive to their customers at large. In addition,
since institutions in the financial sector have many shareholders, Digital Share
sell/buy solutions have been introduced to manage their share buying and selling
processes cost effectively.
The Digital Financial Marketplace provides a unified platform for financial
institutions to offer microfinance services, including micro credit, saving and
insurance services to their customers at competitive prices through the convenient
telebirr using mobile phones. The service is based on credit scoring system identified
through artificial intelligence and customer-centric data analysis to evaluate the credit
activities and timely repayment experience to provide credit services without
collateral.

Leveraging the success of our joint digital financial services initiative with Dashen
Bank and Commercial Bank of Ethiopia, which has enabled over 3.6 million
customers get loan services, today we launch a revolutionary digital financial
marketplace that will enable banks to effortlessly reach over 40 million telebirr
customers with their financial products, without having significant capital investment.
The launch of this digital financial marketplace will make banks easily accessible and
will help them achieve the National Bank’s 70% financial inclusion initiative by 2025.

The digital financial market service is for all financial institutions. Currently, our
company has already entered to discussions with Ahadu Bank, Siinqee Bank, Enat
Bank and Awash Bank to join the platform and approval from the National Bank is
expected soon, marking officially utilizing the service and discussions are undergoing
with other financial institutions to commence the service.

Similarly, our company has launched a telebirr SuperApp based Digital Share
Sell/Buy platform which empowers authorized business institutions to digitize their
share buying and selling process in a cost-effective manner and make their shares
widely and easily accessible to the wider society.
Telebirr digital payment system is playing a key role in enabling the users to access to
the most secured, easy, fast and convenient transactions, especially in ensuring
financial inclusion, matching the service providers and the users, encouraging
entrepreneurship and investment, and accelerating the nationwide efforts geared
towards building an overall digital economy. By identifying and anticipating the
potential of smart sectors, including smart education, agriculture, water, and energy,
and leveraging digital solutions to enhance Ethiopia’s competitiveness, we now
empower banks to concentrate on their core mission. This is achieved by providing
modular, cloud-based data center solutions, enabling them to thrive without the need
for heavy infrastructure investments.

In light of this occasion, we encourage all financial institutions to leverage the digital
financial marketplace and to jointly ensure the financial accessibility and
inclusiveness initiative of the nation as well as to utilize the cost-effective digital
share buying and selling services launched today. In the time ahead, our company is
committed to digitalizing the working system that can simplify lifestyles of our
society as well as streamline our business partners’ service provisioning and business
operations.

December 21,2023
Ethio telecom

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