EthSwitch was legally established by the National Bank of Ethiopia in 2011 to provide simple, secure, effective and affordable digital payments infrastructure to the Ethiopian market. “Digital payments infrastructure is a pre-requisite to effective financial inclusion. EthSwitch was legally established by the National Bank of Ethiopia in 2011 to provide simple, secure, effective and affordable digital payments infrastructure to the Ethiopian market. The National Bank has a 46% stake in the company with the remaining shares going to financial service providers in the country. Non-banks will be allowed to participate on a case-by-case basis as approved by the National Bank of Ethiopia.

Source: Ethiopian News March 10, 2021 12:00 UTC