Tag: Banking
ATM card delay frustrates CBE customers
Customers of Commercial bank of Ethiopia (CBE) criticized the bank for its failure to deliver Automatic Teller Machine (ATM) cards after several months of waiting.
Telebirr’s transaction surpasses a billion birr
The amount of money transacted through Telebirr, ethio telecom’s mobile money transaction platform, surpassed one billion birr on September 23, 2021. The mobile money transaction app has only been operation for five months.
USD trades 48 percent higher than bank rates
In an ever-increasing exchange rate in the parallel market, a US dollar is now up 48 percent higher than the regular market in some areas of the city, The Reporter has learnt.
“Being on sleeping giants list is embarrassing,”
The sole telecom operator in the country, ethio-telecom, aims to remove Ethiopia from the sleeping giants list in providing mobile money services.
New banks required to collect 5 billion Birr within seven years
The National Bank of Ethiopia (NBE) directed new entrants to the banking industry to increase their paid-up capital to five billion birr within seven years.