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Building a Smoother Path to Instant Payments in Ethiopia
Ethiopia has been steadily advancing its digital payments landscape over the past few years. Banks, microfinance institutions, and new market players are working hard to offer customers faster and more reliable ways to move money. But as the sector grows, many institutions face the same behind-the-scenes challenge: connecting their systems to the national Instant Payment System (IPS) in a way that is simple, secure, and doesn’t require major internal restructuring.
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Ground set to ease access to digital financial services and expansion of digital public infrastructure in Africa.
Addis Ababa - February 13th, 2024 - In a world increasingly reliant on digital connectivity, access to financial services remains a crucial determinant of economic empowerment and social development. Unfortunately, millions of Africans are excluded from the formal financial system, trapped in a cycle of poverty and limited opportunities, principally because of limited investments in digital infrastructure especially in our rural areas.
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