May 10,2022 (ENA) United Nations Capital Development Fund (UNCDF) has launched a digital financial services (DFS) working group in Ethiopia today. The DFS working group is aimed at collaborating and networking, capacity building, and policy advocacy as well as lobbying. UNCDF East and Southern Africa Inclusive Digital Economies Regional Manager, Mike McCaffrey told ENA that the working group will have important of coordination that can support the development of the entire digital finance services. UNDCF Digital Financial Services Expert, Endashaw Tesfaye said on his part the working group in alignment with country’s digital strategies will be expanding digital financial services in remote areas at less costly manner in the country. “The government has set new directives for financial service providers to come up with new products and allowing non-financial institutions to provide financial services.

Source: Ethiopian News May 10, 2022 20:18 UTC