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Ethiopia’s payment landscape is undergoing a significant transformation, with a rapid expansion of mobile money services playing a pivotal role. This rapid growth is driven by the large unbanked population and the increasing reach of mobile network coverage. Mobile money has substantially improved financial inclusion, particularly in areas with limited access to traditional banking services. However, credit and debit card usage and online banking remain relatively limited, facing challenges related to infrastructure development, uneven internet penetration, and varying levels of digital literacy across the country.

Population

Estimated Population

115 million

Currency

Currency

Ethiopian birr (ETB)



Popular payment methods