Ethiopia’s National Digital Payments Strategy

Ethiopia's National Digital Payments Strategy

Source: National Bank of Ethiopia

The world is undergoing fast digital transformation, which some have referred to as the fourth industrial revolution. Numerous economies and private enterprises have embarked on their digital transformation journeys. Ethiopia is set to follow suit. The Ministry of Innovation and Technology has recently developed the National Digital Transformation Strategy addressing key reforms to create Digital Ethiopia by 2025. Payments are an essential enabler for this transformation and as technology enables faster and seamless transfer of data (and money) in the modern age, a robust and responsible digital payments ecosystem becomes compulsory

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