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Discover all the payments and fintech-related news and analysis about Ethiopia in The Paypers News, Reports, along with other Ethiopia-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Ethiopia in The Paypers News, Reports, along with other

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Dashen Bank and Mastercard launch virtual prepaid card

News | Cards | 18 Aug 2023

Ethiopia-based Dashen Bank has partnered with Mastercard to launch a multi-currency international prepaid card, marking a milestone in Ethiopia’s card business.

partnership, product launch, payments , paytech, fintech, cross-border payments, ecommerce, FX , prepaid card, online payments

Safaricom to launch mobile money service in Ethiopia

News | Mobile Payments | 28 Aug 2023

Safaricom has announced plans to launch M-Pesa in Ethiopia by the end of September 2023 will have it integrated with more banks.

mobile payments, product launch, expansion, financial inclusion, cashless

Cooperative Bank of Oromia launches new apps with Temenos

News | Online & Mobile Banking | 19 Mar 2024

Cooperative Bank of Oromia has launched CoopApp and CoopApp Alhuda on Temenos Digital (Infinity) for a digitalised conventional and Islamic banking experience.

digital banking, Islamic banking, partnership, financial inclusion

Glitch in Commercial Bank of Ethiopia lets customers withdraw millions

News | Online & Mobile Banking | 20 Mar 2024

Commercial bank of Ethiopia has lost more than USD 40 million after a systems glitch which let customers withdraw and transfer sums of money that was not in their accounts. 

ATM, mobile banking, online banking, cash, banking

Mastercard partners with the Cooperative Bank of Oromia

News | Online & Mobile Banking | 16 May 2024

Mastercard has announced its partnership with the Cooperative Bank of Oromia in order to launch optimised solutions and boost financial inclusion in Ethiopia. 

partnership, banking, online banking, mobile banking, digital banking, financial services, financial institutions, financial inclusion

Mastercard partners with EagleLion

News | Payments General | 29 May 2024

Mastercard has announced its partnership with EagleLion in order to drive digital payment development for customers and businesses in Ethiopia. 

partnership, payments , cashless, online payments, mobile payments, digital payments, ecommerce

Hibret Bank and Mastercard launch Prepaid Hibir Mastercard Services

News | Online & Mobile Banking | 07 Jun 2024

Hibret Bank, together with Mastercard, has announced the launch of the Prepaid Hibir Mastercard services, aiming to enhance digital financial inclusion in Ethiopia.  

banking, financial services, financial inclusion, prepaid card, product launch

Ethiopia approves bill allowing foreign banks to enter market

News | Online & Mobile Banking | 17 Jun 2024

Ethiopia's cabinet has approved a bill allowing foreign banks to establish local subsidiaries and permitting foreigners to acquire shares in domestic lenders.

banks, financial services, regulation, financial institutions

Ethiopia passes law to Open Banking to foreign competition

News | Online & Mobile Banking | 18 Dec 2024

Ethiopia's parliament has passed a legislation that allows foreign banks to operate in Africa, as part of its efforts to attract more overseas investment.

regulation, Open Banking, banking, Open Finance

Safaricom extends its M-PESA Global service to Ethiopia

News | Payments General | 14 Oct 2024

Safaricom has extended its M-PESA Global solution to Ethiopia in order to allow customers to make mobile money transactions from Kenya to Ethiopia.

partnership, expansion, payments , ecommerce, cross-border payments