Ethiopia has launched the National Digital Payment Strategy 2026 to 2030 together with a new Instant Payment System, marking another step in the country’s ongoing digital finance reforms. The launch took place during the second Ethiopia Digital Payment Conference held in Addis Ababa.

The National Digital Payment Strategy outlines a five-year roadmap focused on expanding the use of digital payments, improving financial infrastructure, and promoting interoperability and trust across the digital finance ecosystem. The strategy also plans to enable low-value outbound cross-border payments using cards, mobile wallets, and digital banking channels, while addressing gaps faced by underserved communities.

At the same event, Ethiopay, the instant payment system developed by the national switch operator EthSwitch, was introduced. The system is designed to support interoperable person-to-person transfers, QR-based payments, bulk payments, and cross-border transactions, and is expected to serve as a core platform for domestic digital payments.

The conference brought together senior government officials, regulators, banks, technology providers, and development partners. Deputy Prime Minister Temesgen Tiruneh noted that Ethiopia has expanded access to digital financial services in recent years and highlighted the role of digital public infrastructure, including the national digital ID system, Fayda.

National Bank of Ethiopia Governor Eyob Tekalign emphasized the importance of coordinated efforts to strengthen payment systems, promote inclusion, and manage risks such as cybersecurity, as digital transactions continue to increase across the country.

Source (including image): Ethiopian News Agency