M-PESA Ethiopia has partnered with YagoutPay Financial Technology to add Soundbox technology to its merchant payment services. The two companies announced the integration for merchants that accept M-PESA Merchant QR Codes. These merchants will now receive instant audio alerts confirming successful transactions.
Partnership focus
The integration is aimed mainly at small and medium-sized enterprises and women-owned businesses. Both companies also want to encourage wider use of cashless payments. The work is intended to advance financial inclusion across Ethiopia.
The companies
YagoutPay is a financial technology provider. M-PESA Ethiopia provides merchant payment services. Both companies said the partnership focuses on practical solutions for businesses and customers.
What merchants get
Merchants that use M-PESA Merchant QR Codes will receive an instant audio notification after each successful payment. The alert is intended to simplify payment verification. It is also expected to improve transaction management and merchant confidence.
M-PESA Ethiopia said partnerships that deliver useful value to merchants and customers remain central to its plans. The company aims to make M-PESA the preferred wallet. The Soundbox integration is one such partnership.