EthSwitch, established in 2011, is a share company, and the National Switch is Owned by all banks(Private and Public) the National Bank of Ethiopia, MFIs, PIIs and PSOs. It is established mainly to provide simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals. The underling mandate of EthSwitch is contributing to the modernization of the national payments system and enhancement of financial inclusion in the country. Since 2016, it has enabled interoperability of ATMs and POS terminals operated by all banks. Currently, it is also rolling out projects to achieve interoperability of other digital payment platforms operated by all financial service providers.
Our Vision is “TO BE BEST IN THE CLASS PAYMENT NETWORK IN AFRICA BY 2035″
We will always act ethically and honestly in all our dealings with customers, employees, and partners .
We will ensure that our systems are secure and protect customer data from unauthorized access or misuse.
We will strive to stay ahead of the curve by continuously developing new products and services that meet customer needs
today and tomorrow.
Our business is entirely to serve its customers through cooperative, innovative, and scalable shared platforms.
An enabler for financial service providers, is a technology that streamlines the process of conducting financial transactions digitally through the company’s platforms.
We strive to create a positive and inclusive work environment where all employees feel valued and supported.
Create Interoperability Between Financial Institutions
Implement a Domestic Payment Scheme
Provide National Payment Gateway
Serve as Central Interconnectivity for Clearing and Settlement
Provide Shared Platform/Infrastructure Services
MAKING PAYMENTS SIMPLE AND AFFORDABLE
Ethswitch is mandated to provide interoperable, affordable, secured, and efficient e-Payment Infrastructure, clearing, dispute resolution and risk management services, to payment service providers in Ethiopia. Its overall goal is playing notable role in modernizing national payment system and enhancing financial inclusion.
Simplification and affordability of payments means payments are:
conducted in the country efficiently in secured and safe manner anywhere anytime by everyone
Interoperable, use shared infrastructure
Standardized solutions as per the criteria set
It also means disputes are resolved in shortest period possible while clearing and settlement of payment transactions are handled efficiently.
