NBE has issued the long-awaited directive that will regulate payment instruments issuers which include mobile money, wallet and similar digital financial services in Ethiopia.The new directive titled “Licensing and Authorization of Payment Instrument Issuer Directive No. ONPS/01/2020” is poised to …

A new directive that will lay out the infrastructure for interoperability, a system that enables financial and non-financial institutions to work with or use the parts or equipment of another system, is in the making.The National Bank of Ethiopia (NBE) has drafted a directive dubbed the Payment …

The central bank’s imposition of limits on cash withdrawals by savers and businesses targets payment instruments other than cash, thereby mitigating liquidity crunches and reducing note printing costs, as well as fighting fraud, its officials said today.The National Bank of Ethiopia’s (NBE) …

The board of the National Bank of Ethiopia (NBE) is set to approve the National Payment Strategy, a three-year game plan that lays out infrastructure to enable users to make financial transactions using the accounts and payment instruments issued by financial institutions.The strategy, which has …

We are living in an unprecedented time where we are witnessing one of the major changes in the world order as a result of the COVID-19 pandemic. The pandemic has interrupted lives, halted economic activities, and pushed business and the vulnerable segment of the population towards the edge