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Breaking barriers to digital banking in Ethiopia - backbase. com Introduction In Ethiopia, government-led digitization initiatives have aided the rapid advancement toward greater financial inclusion and innovation In addition to this, the rise in mobile money adoption and digital payments signals a shift in customer behaviors, creating both challenges and immense opportunities for financial institutions
The Rise of E-Money, Mobile Banking, and Financial Innovation in Ethiopia Ethiopia’s financial sector is undergoing one of the most dramatic transformations in its modern history For decades, the country operated under a strictly traditional banking system, with limited digital infrastructure, low financial inclusion, and almost no foreign participation But in the past five yearsespecially since 2020 the shift toward digital payments, mobile money, fintech, and
CBEs Digital Transactions Surpass Tellers For 1st Time Financial transactions conducted through Commercial Bank of Ethiopia’s (CBE) digital channels have surpassed those via tellers, accounting for 64 percent of the total as of June 17, 2023 Until mid-June, the bank had successfully completed 750 million transactions Of these, almost two-third were conducted through digital systems, highlighting the bank’s commitment to embracing technology
Ethiopias Digital Finance Sector: Overcoming Challenges and Driving . . . Digital financial services (DFS), such as mobile banking, internet banking, ATMs, agency banking, and POS devices, are playing a significant role in enhancing financial inclusion in Ethiopia by reaching underserved populations
Home | Ethiopian Digital Foundations Project Ethiopian Digital Foundations Project The Federal Democratic Republic of Ethiopia, portal of Finance (MoF), has received financing from the World Bank toward the cost of the Ethiopia Digital Foundation Project Digital Foundations project is to be financed through a US$200 million equivalent IDA that will involve a range of stakeholders through five components having a leading implementing
CBE : Commercial Bank of Ethiopia. Using CBE's Internet Banking facility, customers will benefit from our Personal and Corporate Internet Banking services that are available, 24 hours a day, 7 days a week, from any location