Last month, the Ministry of Transport and Logistics implemented a digital payment system at fuel retail, banning cash payments throughout Addis Ababa. Despite the multi-facet advantages of digital payment, enough preparations to work on the digital literacy of the public are necessary for a seamless transition into the modern way of payment. Over 43 thousand transactions were made via the new digital system in the first two days. Digital payment means the transaction is fully registered, which is critical to combat illegal practices. The government’s push for more digital payment is a good option as the economy currently has a cash shortage.

Source: Ethiopian News July 06, 2023 21:14 UTC