EthSwitch and Mastercard have signed an agreement in Addis Ababa to advance Ethiopia’s digital payment ecosystem and deepen its connection to the global financial network, reflecting a shared commitment to introducing innovative, secure, and internationally accepted payment solutions.
Under this new partnership, EthSwitch will be equipped with a direct connection to the Mastercard Network via Mastercard Interface Point (MIP) and Mastercard’s global payment gateway services (MPGS), enabling Ethiopian businesses to accept international payments and significantly expanding opportunities for cross-border commerce.
Furthermore, this collaboration will allow Ethiopian banks to issue co-branded prepaid hard currency cards that offer global acceptance at ATMs, POS terminals, and online merchants, dramatically enhancing payment convenience for consumers and supporting the country’s transition to a cash-lite economy.
