National Bank of Ethiopia Consults on National QR Code Standardisation

The National Bank of Ethiopia today hosted a meeting to review and consult on the standardization document for national digital payment QR codes. Organized in partnership with Ethswitch, the event saw participation from key representatives of banks, PII, and POS, engaging in constructive dialogue. This initiative aims to streamline the consumer experience by focusing on

Walking the Regulatory Tightrope: Striking a Balance For Fintech Innovation and a Healthy Industry – Ukheshe

Between 2020 and 2021, the number of tech start-ups in Africa tripled to around 5,200 companies. Just under half of them were fintechs, making it the fastest-growing start-up industry in Africa. Their success is due to several trends such as the digital boom during the pandemic and increasing smartphone ownership and internet coverage, as well

Ecobank and Dashen Bank Launch Remittance App Targeting Ethiopians in the Diaspora

Ecobank, the leading pan-African banking Group, through its representative office in Ethiopia, has partnered with Ethiopia’s Dashen Bank to enable Ethiopians living in the diaspora, specifically Europe, to send money instantly to any Dashen Bank account, other local bank accounts, mobile money wallet and cash pick up using Ecobank’s Rapidtransfer International app (RTI). The cross-border

Mastercard and EthSwitch Partner to Drive Digital Transformation of the Payments Sector in Ethiopia

With momentum building, EthSwitch joins hundreds of organizations that are already using Mastercard Send™ to speed up and improve fund transfers for billions of people in 100+ markets. EthSwitch will leverage Mastercard’s global network and digital payments capabilities to allow fast and secure transfer of funds. EthSwitch, Ethiopia’s national payment switch has signed a Memorandum

EthSwitch, Oromia Bank and Mastercard Partner to Modernize Ethiopia’s Payments Ecosystem Through Acceptance of Mastercard Payment Cards at ATMs

Mastercard payment cards now accepted at Oromia Bank’s ATMs across the country EthSwitch, Ethiopia’s national payment switch, Oromia Bank and Mastercard today announced a landmark partnership that sees all the bank’s Automated Teller Machines (ATMs) in the country accept Mastercard debit, credit, and prepaid cards. From today, tourists, and local citizens carrying Mastercard payment cards

Hibret Bank and Mastercard Partner to Give Small Businesses A Boost through E-Commerce Payment Solution

Powered by Mastercard Payment Gateway Services (MPGS), Hibir e-commerce will enable businesses in Ethiopia to sell their products and reach new international customers online Hibret Bank pioneered in launching Hibir e-commerce, a digital payments platform that allows Ethiopian businesses and retailers to accept international card payments for online purchases. Hibir e-commerce is first-of- its kind

Oromia Bank selects CR2’s BankWorld to Advance their Digital Banking Transformation Strategy in Ethiopia

The official contract signing ceremony took place in The Sheraton Addis, with key company executives present to witness this landmark occasion. CR2’s digital banking platform – BankWorld – will enable Oromia Bank to enhance and improve their customer’s retail and corporate digital banking and payments experience and position Oromia Bank as one of the leading

Mastercard and OPay Announce Strategic Partnership to Grow Cashless Ecosystem and Advance Digital Financial Inclusion for Millions

Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet OPay consumers will enjoy a superior digital experience for multiple lifestyle services and new digital commerce opportunities for, with or without a bank account In addition to digital commerce enablement, the

MINT, Mastercard and Commercial Bank of Ethiopia Collaborate to Transform Government Services

Ethiopian government has integrated Mastercard Payment Gateway Services into its e-services portal which will enable the digital payments of government services The Ministry of Innovation and Technology (MINT), Mastercard, and Commercial Bank of Ethiopia have partnered to enable payments through the government e-services portal, which will allow Ethiopians to access and pay for government services

Zeepay Partners with Ethiotel for Expansion into Ethiopia

Zeepay Ghana has announced its partnership with Telebirr, a mobile money service that is owned and launched by Ethiotelecom – the only telecommunication and Internet service provider in Ethiopia, Telebirr facilitates the delivery of cashless transactions and comes to market as the second operator to mbirr. Starting from January 1, 2022, Zeepay expects to help