EthSwitch, Oromia Bank, and Mastercard launched a historic arrangement on November 15,2022 ,that would enable Mastercard debit, credit, and prepaid cards to be accessed at all of the Bank’s ATMs across the nation.“Oromia Bank is the first bank to accept Mastercard payment cards using EthSwitch as the payments processor – a milestone we are extremely proud...Read More
DECEMBER 16, 2021: Addis Ababa: EthSwitch S.C, Ethiopia’s national payments switch celebrated its 10th Anniversary in a colorful ceremony in the presence of high level government officials on December 16, 2021 at Hilton Addis Ababa. The Anniversary event was conducted on the same day as at the 8th General Shareholders’ Meeting of the company. During the...Read More
DECEMBER 16, 2021: Addis Ababa: EthSwitch S.C, Ethiopia’s national payments switch, announced that it has facilitated a total of 38 million interbank ATM transactions in the fiscal year of 2020/21. This was disclosed by Ato Tsehay Shiferaw, Chairman of the Board of Directors of Ethswitch at the 8th General Shareholders’ Meeting of the company held on...Read More
October 28, 2021: Addis Ababa: EthSwitch S.C, Ethiopia’s National Switch announced the commencement of interoperability of Digital Wallet, Mobile & Internet Banking systems run by banks, Microfinance Institutions (MFIs) and E-money issuers, following the authorization from the National Bank of Ethiopia after successful pilot test. The interoperability enables customers of banks and MFIs & e-money issuers...Read More
March 10, 2021: Addis Ababa: The Board of Directors of the African Development Bank announced that EthSwitch, Ethiopia’s National Payment Switch, has secured a grant of $2.33 from the African Development Bank for the modernization of its payments infrastructure. Ethswitch won the Grant after a series of competitive rounds in which 340 proposals from different African...Read More
September 22, 2020: Addis Ababa: EthSwitch S.C., Ethiopia’s National Switch, announced commencement of interoperability of POS Terminals run by banks. The move enables payment card holders’ to purchase goods and services at merchant location using POS Terminals operated by any bank. The announcement came after National Bank of Ethiopia approved the full scale commercialization of POS...Read More
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. Convenience...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 Code...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 internal...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 operations....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 National...Read More
