Looking Ahead - Ethiopia launches new digital payments strategy to catalyze inclusive growth

Approved by Ethiopia’s Council of Ministers, on 22nd June 2021, the strategy is spearheaded by the National Bank of Ethiopia (NBE), in coordination with the Ministry of Finance, Ministry of Innovation and Technology and in collaboration with key stakeholders of the Ethiopian digitization ecosystem.

The National Digital Payments Strategy (NDPS) saw the light of day thanks to the partnership with the United Nations’ Better than Cash Alliance. This strategy hinges on four pillars: developing a reliable, inclusive and interoperable infrastructure; championing adoption of digital payments; building a robust and consistent regulatory and oversight framework; and creating an enabling environment for innovation.