National Digital Payments Strategy 2021–2024
About the policy
The world is undergoing drastic digital transformations. Ethiopia has joined this journey and is fully committed to create a Digital Ethiopia by 2025; a digital payment ecosystem is an essential enabler.
The world is undergoing fast digital transformation, which some have referred to as the fourth industrial revolution. Numerous economies and private enterprises have embarked on their digital transformation journeys. Ethiopia is set to follow suit. The Ministry of Innovation and Technology has recently developed the National Digital Transformation Strategy addressing key reforms to create Digital Ethiopia by 2025. Payments are an essential enabler for this transformation and as technology enables faster and seamless transfer of data (and money) in the modern age, a robust and responsible digital payments ecosystem becomes compulsory.
About the author
Over the course of past eight decades—which have seen several changes in government, ten central bank Governors, and multiple forms of currency notes and coins—the NBE has been entrusted with carrying out a significant set of responsibilities: administering the nation’s monetary policy, providing its bank notes and coins, acting as a banker for the government, supervising the banking sector, managing the exchange rate as well as foreign exchange reserves, and undertaking economic research.
