Monday, March 4, 2024
BusinessEthSwitch obtains license to integrate Mobile Money Operators

EthSwitch obtains license to integrate Mobile Money Operators

EthSwitch obtained license from the National Bank of Ethiopia (NBE) to integrate mobile money operators. Issued on Oct 27, 2021, the license is a key step forward in realizing the launch of a unified mobile money platform EthSwitch has been working on for the past year.

“We have secured the go ahead from the central bank,” Marketing and Business Development director at EthSwitch, Fikru Woldetinsae told The Reporter. 

With the license secured, EthSwitch is expected to launch the platform tomorrow. 

The platform integrates mobile money service providers so that a client can access all with one mobile money account, just like ATM integration. EthSwitch is a digital payment enhancing system set up by banks.

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Video from Enat Bank Youtube Channel.

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