This allows all customers of partnering banks to visit any agent or branch to utilise financial services, regardless of which bank the customer belongs to. The sharing of agent networks allows partnering banks to optimize their investment, as well as increase nationwide service coverage.
CEO of Belcash International, Mr. Mountaga Vince Diop stated that this is the beginning of what seems to be an irreversible step to reinforce financial inclusion for all in the country. Belcash Technology Solutions PLC provides the banks and the MFIs, go-to turnkey mobile money solutions (including capacity building, business and operational models, hardware, disaster recovery and call centre facilities) and facilitates the penetration of mobile and agent banking in the Ethiopia's financial landscape. The financial institutions providing HelloCash in Ethiopia are confident in building a unique network of more than 20,000 agents across all of Ethiopia within the next 3 years.