Earlier this week, Ethiopia’s national switch operator, EthSwitch, officially introduced its National Payment Gateway, a product meant to serve as the bedrock of online payments in Ethiopia. The event, held at the Skylight Hotel, saw the launch of an interoperable payment gateway service that aims to simplify and make online payments more affordable.
“The National Payment Gateway is here to empower Ethiopia’s e-commerce and merchants. We will enable merchants to get paid from any financial institution,” stated Yilebes Addis, CEO of EthSwitch, during the ceremony.
The gateway enables customers to make fast, secure, and convenient online payments using various channels and payment methods, such as debit cards, bank accounts, wallets, QR codes, and aliases (phone numbers).
As EthSwitch is the national switch operator, no financial player is excluded. Its ownership is shared among the National Bank of Ethiopia, all banks, microfinance institutions, mobile money service providers,…
