Company Information

Get to know telebirr

Launched in May 2021 by Ethio telecom, telebirr is a transformative mobile money platform designed to boost financial inclusion in Ethiopia. It provides a secure and convenient way for users to conduct cashless transactions directly from their mobile phones. The service allows customers to deposit, receive, transfer, and spend money using their phone number as their account. Key features include sending money to any mobile number, paying for goods and services at merchant locations, settling utility bills, purchasing airtime, and receiving international remittances, thereby playing a crucial role in the country's shift towards a digital economy.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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telebirr

Ethiopia

Founded in

1894 (132 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.