Mastercard and EthSwitch partner to drive digital transformation of the payments sector in Ethiopia

Addis Ababa, Ethiopia, 05 April 2023 – EthSwitch, Ethiopia’s national payment switch has signed a Memorandum of Understanding (MoU) with Mastercard that will enable financial institutions across Ethiopia to boost the adoption and usage of digital payments. By leveraging Mastercard Send, a payments platform that enables people and organizations to send and receive money instantly, domestically and cross-border, EthSwitch is able to continue to make digital money transfers more widely available and accessible. The advanced payment solution will deliver a simple and better user experience that will contribute towards the acceleration of Ethiopia’s transition to a cash-lite economy.