The digital revolution reshaping the payments landscape in Ethiopia

A promotional digital graphic about fintech in Ethiopia. The left side features a light blue background with the bold text "FINTECH FOR HUMANS" in dark blue and black. The right side displays a vibrant nighttime cityscape of Ethiopia, with illuminated roads, buildings, and busy streets filled with vehicles and pedestrians. Overlaying this image is white text that reads, "The digital revolution reshaping the payments landscape in Ethiopia," along with a logo in the upper right corner that says "eft."

Ethiopia, Africa’s second most populous country, is undergoing rapid economic expansion and is at the forefront of digital transformation. As one of the few pioneering African nations implementing large-scale digital reforms, Ethiopia is embracing technology to accelerate growth across key industries – including agriculture, tourism, manufacturing and most importantly – fintech and financial services. This […]

Creating real-world solutions for Africa’s digital finance future

A smiling man with a beard, wearing a white shirt, stands against a stone wall background. The image has a black-and-white filter with blue digital wave-like graphics overlaying it. The text reads, "Creating real-world solutions for Africa’s digital finance future," with "real-world solutions" emphasized in bold. The logo "eft" is positioned in the top right corner.

Paul Selibas appointed as EFTCorp’s Chief Product Officer to drive future-focused payment products  In Africa, the digital payment ecosystem is growing rapidly, making innovative and scalable financial products essential for sustained growth.  But more doesn’t necessarily mean better, says Paul Selibas, newly appointed Chief Product Officer at EFT Corporation (EFTCorp). “Innovation is not just about […]

The rise of sustainable finance: How fintech is driving green finance

The rise of sustainable finance: How fintech is driving green finance

What is green finance?  While we clearly understand the contribution of industry and manufacturing to greenhouse gas emissions, the role of the financial services sector in climate change is less obvious. But green finance is becoming more important due to a number of factors, including national and international policies and regulation, and consumer demand for […]

AI’s Role in Shaping the Future of Banking

Much like the advent of the internet, the presence of artificial intelligence (AI) and generative AI (Gen AI) into our everyday lives has become unavoidable. Even if we aren’t actively using any of the myriad of applications such as ChatGPT ourselves, we are interacting everyday with some version of AI, including customer service chatbots, which […]

The Rise of Women in Payments Africa

Increasing female representation in the financial industry is a crucial and natural step toward fostering growth and better serving women, who make up the majority of our global population. In Sub-Saharan Africa, only 37% of women have bank accounts compared to 48% of men. Addressing this disparity requires more female voices at higher levels to […]

Exploring Cross-Border and Remittance Trends in 2024

According to Worldometer, Africa is home to almost 1.5 billion people, with an average age of just 18.8 years. With such a young population, it’s no wonder that the adoption of digital technologies on the continent has reached such extraordinary levels, with at least one quarter of the population having access to the internet. Cell […]