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Flipkart achieved a gross merchandise volume of US$300 million during the event, with the largest volumes coming from fashion sales and the largest value coming from mobiles. [30] In 2014, Flipkart invested in Ngpay to strengthen the mobile payment services since there was an increased focus on mobile ecommerce; Flipkart reported that mobile ...
Flipkart introduced Shopsy in July 2021 [3] [4] as a mobile app that allowed people in India to launch their own online reseller business. [5] [6] [7] By August 2021, the app had adopted a zero-commission marketplace model. [8] [9] Later, Shopsy shifted its focus to become a B2C company. [10]
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
Telebirr (Amharic: ቴሌብር) [1] [2] is a mobile payment service developed and was launched by Ethio telecom, the state owned telecommunication and Internet service provider in Ethiopia. [3] [4] [5] It took five months to develop the end-to-end service. It facilitates the delivery of cashless transactions. [6]
The number of mobile connections in Ethiopia increased by 8.2 million (+11.9 percent) between the start of 2023 and the start of 2024. [54] In September 2010 the penetration rate was estimated at 4.6% over a population estimate of 90.8 million. [55] The telecom regulator in Ethiopia is Ministry of Communication and Information Technology (MCIT).
Ethiopia joined the BRICS economic alliance in January 2024. [36] While Ethiopia does not currently have a stock exchange, it did have one in the past during the reign of Emperor Haile Selassie I, called an 'ākisīyoni gebeya.' It now has a commodity exchange in Addis Ababa called the Ethiopia Commodity Exchange, established in 2008. [37]
Establishing a securities exchange in Ethiopia has been planned for several years. The Ethiopian government has made efforts since 2019 for this vision. In 2023, the country announced the upcoming launch of its first-ever securities exchange. [4] On April 7, 2024, NGX Group confirmed an investment in the Ethiopia Securities Exchange.
Telecommunications in Ethiopia is a monopoly in the control of Ethio telecom, formerly the Ethiopian Telecommunications Corporation (ETC). As of 2012, 20.524 million cellular phones and 797,500 main line phones were in use.