Mobile Banking Leads Digital Transactions in Ethiopia

This infographic explores Ethiopia’s fast shift to digital transactions, emphasizing how mobile banking now leads with 72% of transaction values in 2023. It highlights key trends, showing a decline in ATM channel usage and a marked rise in mobile money and banking services over just four years. Major drivers include explosive growth in mobile banking volume and accounts. Overall, it captures the transition toward a more cashless, mobile-based financial sector in Ethiopia.