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Ethiopia
EthSwitch
Scheme name: EthSwitch
IIPS Type: Cross-domain
Instruments: Credit EFT, Debit EFT, E-money, Card
Channels: Agent, Branch, USSD, App, Browser, POS, ATM, QR
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G)
Inclusivity level: Basic
Year of establishment: 2023
System owner: National Bank of Ethiopia and industry
Overseer: National Bank of Ethiopia
Operator: EthSwitch
Total Participants: 35
Volumes 2023: 28,792,887
Values 2023: 3,402,804,612 USD
Back to map| Category | EthSwitch |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Ethiopia |
| Scheme governance | EthSwitch |
| Settlement agent | National Bank of Ethiopia |
| Participants - commercial banks | 27 |
| Participants - MMOs | 0 |
| Participants - non-bank PSPs | 2 |
| Participants - MFIs | 6 |
| Volumes 2020 | 1,980 |
| Volumes 2021 | 295,210 |
| US$ Exchange Rate 30 April | 56.9343 |
| Values 2020 | 228,330 USD |
| Values 2021 | 48,268,023 USD |
| Values 2022 | 1,022,366,126 USD |
| Values 2023 not-on-us transactions (US$) | 3,402,804,612 USD |
| Values 2023 on-us transactions (US$) | N/A |
| Total value of instant payment transactions 2023 (US$) | 3,402,804,612 USD |
| Interoperability arrangement | Payment system operator |
| Ownership model | Jointly owned |
| Governance Typology | PPP |
| Scheme rules shared or publically available? | No |
| Messaging standard | ISO 20022; ISO 8583 |
| Types of proxy IDs | Mobile phone number; QR code |
| Use of open APIs | Yes |
| QR code standard | N/A |
| Pro-poor governance | No |
| CB governance involvement | Yes |
| Expanded use Cases | No |
| Minimum channel functionality | Yes |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | Yes |
| Recourse | No |
| Not-for-loss | No |
| Status | Almost at progressed level |
| Strengths/drivers | Fulfilled all basic and some progressed criteria. |
| Areas of development | Areas of development include reviewing the proess for input by non-banks. While there are some working groups, commercial banks have a direct seat the Board of Directors while non-banks have not. This could skew the decision-making power towards bank PSPs. Also, the expansion of further use cases, developing consumer recourse requirements as well as working towards a not-for profit/not-for-loss business model to fulfill mature level. |
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