Ethio telecom and Federal Documents Authentication and Registration Agency have made a partnership agreement that would enable the customers of the agency utilize the telebirr payment system to settle their service payments. This partnership agreement would modernize the existing working system of the agency and enable its customers settle their service payment using the telebirr digital payment system which is easy, fast, convenient and secure payment platform.
Consequently, the customers can easily settle service charges via telebirr mobile App or USSD (*127#) for authentication services like vehicle sale, donation, power of attorney, rental and loan agreement, memorandum of association and other similar services using the payment reference number they receive from the agency.
It is learned that currently, the Federal Documents Authentication and Registration Agency has 15 branch offices and has been providing 27 different types of services as well as serve more than 7,000 customers and over 6.5-million-birr transaction is made per day.
In a recent memory, our company in partnership with Dashen Bank has launched three types of financial services namely telebirr mela (micro credit) a service that allows individual customers, agents and merchants to borrow money for any transaction or withdrawal and telebirr Endekise (credit pay/overdraft service) a service that enables customers to borrow money when they are short of balance in their telebirr account while making transaction and telebirr sanduq (Micro Saving service) a saving service which is available with interest free and interest rate based micro saving services with a theme of finance for all to ensure financial services inclusion and accessibility to our wider society.
The 15 months old telebirr, surpassing the industry trend, acquired a subscriber base of 22.9 Million within a short period, 97 master agents, 96 thousand agents and 22,000 merchants. In addition, the platform has been integrated with 13 banks to transfer money from bank to telebirr and with 11 banks to transfer money from telebirr to bank and over 41.03-billion-electronic money has been transacted which demonstrates its being best digital payment option. In the recent past, more than 55 service providing organizations have integrated their payment system with telebirr.
Currently, our company is diligently working to integrate services with telebirr digital payment system with other similar institutions and make all payments possible in one stop shop in the near future, thereby strengthening the initiatives of making digital Ethiopia’s set vision a reality.
September 1, 2022