Interoperability in digital payments refers to the seamless connectivity between different financial service providers, allowing transactions across multiple platforms without restrictions. As Ethiopia’s national payment switch, EthSwitch plays a pivotal role in enabling interoperability across the country’s financial ecosystem, ensuring that customers and businesses can transact effortlessly, regardless of their chosen bank or payment provider....Read More
QR codes are capable of storing substantial data, and when applied to payments, it act as a seamless bridge between consumers and merchants, enabling instant, secure, and efficient transactions. In Ethiopia, the National Bank of Ethiopia (NBE) has mandated that all banks, payment instrument issuers, and payment system operators to implement the Ethiopian Interoperable QR...Read More
EthSwitch announces the completion of its Data Center Relocation Project, marked by a recognition event held at EthSwitch’s headquarters on December 31, 2024. In his opening remarks, CEO Ato Yilebes Addis expressed his gratitude to everyone involved in the project, praising their unwavering dedication and collaborative spirit. He emphasized the crucial contributions of both...Read More
We’re excited to announce that EthSwitch has completed the relocation of its data center to a cutting-edge facility! This milestone marks a significant step in enhancing operational efficiency and delivering superior service to our partners and customers. With meticulous planning and round-the-clock dedication, the relocation was executed in just two days, ensuring minimal disruption to daily...Read More
EthSwitch hosted an awareness workshop at Sheraton Addis under the theme Accelerating Adoption of Ethiopian Interoperable QR Payments. The event brought together senior officials from banks, microfinance institutions, payment system operators (PSOs), payment instrument issuers (PIIs), government agencies, and other key stakeholders. The workshop opened with remarks by Mr. Solomon Desta, Vice Governor of the...Read More
EthSwitch conducted its 11th Annual Shareholders Meeting at Hilton Addis on November 12, 2024. At the meeting, it was announced that the Company achieved excellent overall performance, operations, revenue generation, and project execution. In the 2023/24 fiscal year, the banking industry made 94.5 million interoperable ATM transactions, amounting to ETB 123.2 billion....Read More
EthSwitch Honors Former Board and Welcomes Newly Elected Members In a special program organized by EthSwitch on September 12, 2024, at the Hilton Addis, EthSwitch expressed its gratitude to the outgoing Board of Directors and welcomed the newly elected members. EthSwitch acknowledged the dedication and service of Mr. Solomon Desta, Chairman of the Board, Mr....Read More
During its Annual Meeting on August 1, 2024, EthSwitch was honored to recognize and extend its heartfelt gratitude to the founders and leaders of several non-governmental organizations (NGOs) for their remarkable contributions to our society and country. The organizations honored were: Mekedonia Charity Association Gergesenon Association for Supporting Mental Disorders Yemeleketegnal Charity Organization Tesfa Addis...Read More
(August 1, 2024, Addis Ababa) EthSwitch conducted its Annual Staff Meeting on August 1, 2024, at Skylight Hotel. The Operational and Financial Performance Review for FY 2023/24 and the Annual Plan for FY 2024/25 were presented. EthSwitch’s executive management and staff attended the meeting. In his opening remarks, Yilebes Addis, EthSwitch CEO, highlighted the numerous successes...Read More
