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kenza_abdelhaq

Ethiopay - EthSwitch S.C - 2 views

  • Ethiopay is a four-party scheme, in which the issuer and acquirer are different entities, and is open for all payment institutions to join and issue their own cards. There are no limitations as to who may join the scheme, as long as the requirements of the scheme are met.Ethiopay Card schemes enables a simplified and guaranteed exchange of money between merchants, customers and their banks, by operating national & international networks and setting uniform standards.More specifically, Ethiopay defines rules for the routing of payment authorizations and settlement requests in point-of-sale and e-commerce transactions between merchant acquirers and card issuers, as well as ATM withdrawals or purchases with cashback transactions.
    • kenzabenessalah
       
      Eventhough EthioPay has no limitations when it comes to who joins the scheme, it has certain payment authorizations which prevent risks.
    • nouhaila_zaki
       
      This excerpt is important because it presents the Ethiopay Card, a core product of the Ethiopay company. Through the Ethiopay card, Ethiopay attempts to circumvent risks by setting setting standards and payment authorizations.
  • Ethswitch is the owner of Ethiopay-Ethiopia’s domestic Card Scheme. Ethiopay is developed for all banks in Ethiopia to issue and acquire payment cards.
  • Ethiopay is a four-party scheme, in which the issuer and acquirer are different entities, and is open for all payment institutions to join and issue their own cards. There are no limitations as to who may join the scheme, as long as the requirements of the scheme are met.Ethiopay Card schemes enables a simplified and guaranteed exchange of money between merchants, customers and their banks, by operating national & international networks and setting uniform standards.More specifically, Ethiopay defines rules for the routing of payment authorizations and settlement requests in point-of-sale and e-commerce transactions between merchant acquirers and card issuers, as well as ATM withdrawals or purchases with cashback transactions.
    • sawsanenn
       
      it shows services that ethiopay is offering to customers and some authorisation to prevent risks
    • kenza_abdelhaq
       
      Êthiopay is using a scheme that enables the routing of payment authorizations and processing by operating both nationally and internationally.
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  • Ethiopay Card schemes enables a simplified and guaranteed exchange of money between merchants, customers and their banks, by operating national & international networks and setting uniform standards.More specifically, Ethiopay defines rules for the routing of payment authorizations and settlement requests in point-of-sale and e-commerce transactions between merchant acquirers and card issuers, as well as ATM withdrawals or purchases with cashback transactions.
    • ghtazi
       
      this important to know because we can see how ethiopay card schemes simplify and guaranteed and exchange of money between Marchand, customers, and their banks. because there are no limitations in who may join the scheme it can represent some risks for the parties envolved.
sawsanenn

Ethiopay | F6S - 0 views

  • As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is commonly known as the leapfrog model.
    • kenzabenessalah
       
      I personally didn't know Ethiopia skipped the laptop and computer phase, therefore, the fact that it is succeeding in the mobile technology industry, makes a great story. This statement is important because it was able to help over 2.5 million Ethiopian families.
  • Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia.
    • tahaemsd
       
      Ethiopay is an emerging Fintech solution to adress the social and economic gaps
  • Our platform plans to use the leapfrog model to leverage our technology and give the 45 mill users around Ethiopia a new way to manage bills and provide the over 2.5 million Ethiopian diasporas in the United States a way to help their families
    • sawsanenn
       
      This excerpt is important because it shows how CEOs of ethiopay are willing to invest in the telecom infrastructure, and how Ethiopia has a great potential for e-payment and fintech developement
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  • Our Bill-Pay platform concentrates on the core monthly needs such as water, electricity, gas. But we also provide options to purchase Data, manage property payments, and even school tuition fees.
    • nouhaila_zaki
       
      This excerpt is very important because it highlights what the products and services proposed by Ethiopay serve for. It allows us to better understand what customers need Ethiopay for, which could prove to be very useful when designing products.
  • Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is commonly known as the leapfrog model.
  • Ethiopay is an emerging FinTech solution to address the social and economic gaps left by established payment solutions. Deeply embedded in the communities they serve, the founders of Ethiopay have the combination of entrepreneurial drive, technical skill and through the Georgia FinTech Academy, the FinTech ecosystem support to thrive.
    • ghtazi
       
      Ethiopay is a platform that is used in Ethiopia to help the citizens a new way to manage bills and give an opportunity for Ethiopians living in the united states to help their families. they have a great combination of entrepreneurial drive and technical skills.
  • Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is com
  •  
    "Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. As you may know, Ethiopia well Africa, in general, has skipped the laptop and computer phase of technology straight into the mobile phase of technology this is commonly known as the leapfrog model. Our platform plans to use the leapfrog model to leverage our technology and give the 45 mill users around Ethiopia a new way to manage bills and provide the over 2.5 million Ethiopian diasporas in the United States a way to help their families. Our Bill-Pay platform concentrates on the core monthly needs such as water, electricity, gas. But we also provide options to purchase Data, manage property payments, and even school tuition fees."
mehdi-ezzaoui

Ethiopia' - 0 views

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started by mehdi-ezzaoui on 12 Feb 21 no follow-up yet
kenza_abdelhaq

How BPC and EthSwitch are interconnecting Ethiopian banks - Intelligent CIO Africa - 2 views

  • EthSwitch has an objective to work as international gateway for all banks. When the project is fully completed, over 50 e-Payment products and services will be supported in EthSwitch covering card delivery channels like ATM, POS, mobile, internet, and voice. EthioPay is the brand given to the National e-Payment Switch of Ethiopia.
    • kenzabenessalah
       
      EthioPay acts as the key model in e-payment switch. This part is essential and crucial at the same time, because a simple, minor detail could create a major problem/risk for the customer or in data privacy.
  • Amongst the future activities is to include mobile as part of the financial inclusion policy. Another active area is the recent launch of the domestic card called EthioPay. Across a national population of 100 million, there are 2.5 million card holders and 40 million mobile users. Sufficient opportunity for Bekele and his team in the time to come.
  • Since May this year the number of inter-bank transactions has been growing. This is expected to increase as the Ethiopian population becomes aware of the interoperability and ease of use of using cards in any bank’s ATM machine. Along the way there have been some transactions declines due to connectivity failures and those limitations are being addressed
    • sawsanenn
       
      This excerpt is important because it shows one of ethiopay's issues. the interconnectivity is very low compared to what they are actually offering ( 100 transactions per second)
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  • List of banks connected to EthioPay National Bank of Ethiopia Abay Bank Addis International Bank Awash International Bank Bank of Abyssinia Berhan International Bank Bunna International Bank Commercial Bank of Ethiopia Cooperative Bank of Oromia Dashen Bank Debub Global Bank Development Bank Enat Bank Lion International Bank Nib International Bank Oromia International Bank United Bank Wegagen Bank Zemen Bank
    • nouhaila_zaki
       
      This excerpt is important because it shows the list of partner banks to Ethiopay. This reflects the scope and influence that Ethiopay has in its home country, but also its close link to the banking sector.
    • kenza_abdelhaq
       
      Ethiopay has a large network of customer, cardholders, mobile users, and bank partners.
  • EthioPay is the brand given to the National e-Payment Switch of Ethiopia.
    • ghtazi
       
      Ethiopay is considered to be the National e-payment Switch in Ethiopia. because of the number of interbank in the market nowadays Ethiopians start to be aware of the ease of using cards.
  •  
    "EthioPay"
kenza_abdelhaq

Ethiopay Places in the Top 25 Undergraduate Teams for e-Fest - Entrepreneurship and Inn... - 3 views

  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • kenzabenessalah
       
      It is important to know that EthioPay is not a service that functions only in Ethiopia, but individuals from North America and Europe are also able to help Ethiopians with their finances.
  • Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethiopians. They hope to help Ethiopians in the diaspora reach individuals at home by providing seamless payments. Hadgu and Yohannes entered this year’s competition to share their innovative venture and gain exposure.
    • sawsanenn
       
      This excerpt is important because we can see that the goal of this fintech company is to increase growth and meet customers' needs especially Ethiopian customers from all over the world. Additionally, They found a fundamental solution to several financial services issues that the Ethiopians used to face.
  • They are a centralized global payment platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between the United States and Ethiopia. Ethiopay co-founders Daniel Hadgu (B.B.A. ‘20) and Minas Yohannes (B.B.A. ‘20) are Eritrean descent while Michael Gizachew is of Ethiopian descent and they all struggled to send funds between the U.S. and their family abroad. Together they created a way to affordably and efficiently transfer money overseas.
    • nouhaila_zaki
       
      This excerpt is important because it enumerates the different products and services covered by the Ethiopay platform, notably the transfer of cross-border bill money, money transfer, mobile data and mobile minutes between the US and Ethiopia.
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  • Co-founder Daniel Hadgu states, “In my journey of understanding what it truly means to help others and become an effective leader, I have uncovered the power of innovation.”
    • ghtazi
       
      helping others is the major motto of the company. the platform allows individuals living in North America and in Europe to send payments for any bills to help their family in Ethiopia
  •  
    "Their website allows individuals from North America and Europe to send payments for electricity bills, health insurance, school fees, and more to individuals in Ethiopia. Ethiopay fits the unique financial technology needs of Ethi"
  •  
    Ethiopia aims to resolve Ethiopian citizens' rising global challenges. Hadgu and Yohannes are excited to join the race next year to end in the hopes of taking home the Georgia State University and Ethiopay trophies.
nouhaila_zaki

EthioPay | Welcome - 0 views

  • Ethiopay operates a flexible, tightly regulated, global payout platform. This enables you to automate your user payments flow, pay less for your transactions, access flexible online reports, guarantee the integrity of all your payment traffic, ensure your payments go through as planned….the list goes on.
    • sawsanenn
       
      Ethiopay is a centralized global payout platform that currently enables users a simple and convenient way to transfer and/or purchase cross border bill pay, money transfer, mobile data, and mobile minutes between anywhere around the world and Ethiopia. Ethiopay is an emerging FinTech solution to address the social and economic gaps left by established payment solutions.
  • Ethiopay operates a flexible, tightly regulated, global payout platform. This enables you to automate your user payments flow, pay less for your transactions, access flexible online reports, guarantee the integrity of all your payment traffic, ensure your payments go through as planned….the list goes on.
  • Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
    • sawsanenn
       
      Ethiopay encourages students to believe and start work with e-payments platforms, and we can see that they are making it so easy for everybody which encourage all Ethiopians to switch to digital platforms and trust them.
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  • While other platforms are a one-size-fits-all, Ethiopay isn’t. We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. Our vision is a future where Ethiopians in the the diaspora touch the lives of those back home through easy, secure and seamless payments. To achieve this, we are on a mission to build the most reliable payments platform serving Ethiopians in the world. We want to make it so easy for you to send money home that your loved ones will feel as though you were right there with them.
    • nouhaila_zaki
       
      This excerpt is important because it introduces the mission statement and vision of Ethiopia. The mission of the company is to ensure the most reliable payments platform for Ethiopians around the world. The vision, on the other hand, is a future where Ethiopian diaspora can help their families back home through easy, secure and seemless payments ensured by Ethiopay.
  •  
    "We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart. O"
kenza_abdelhaq

EthioPay Mojaloop Case Study - DFS Lab - 1 views

  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • tahaemsd
       
      This is probably an efficient and scalable way to easily interconnect the different services in the ethiopian banking sector
  • They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production.
  • EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch.
    • sawsanenn
       
      this excerpt is important because nowadays the development of companies for consumer products allows the huge opportunity for the expansion of electronic payments because it is assumed that consumers of electronic payments are indeed end-users and also that the majority of payouts are Customers to Business. Expanding enterprises also provide opportunities for big potential Business to Business payments.
  • ...2 more annotations...
  • What they want EthioPay wanted to continue adding value for the Ethiopian banking sector through additional services and products. They wanted to add a number of different switch use cases (e.g. merchants, CICO, etc) to their ATM switch. What they built They conducted a technical evaluation of the Mojaloop platform. While Mojaloop seemed to provide the required functionality, for a live deployment it lacked definition around auxiliary requirements to move into production. How Mojaloop helps With over 40 million phone subscribers and most banks having their own mobile banking system in Ethiopia, there is no mobile based inter-bank fund transfer. Mojaloop is potentially an efficient and scalable way to easily interconnect these disparate services.
    • ghtazi
       
      in this excerpt, we can see that Ethiopay wants to add value to the baking sector by adding new products and services. they also do a technical evaluation of the Mojaloop platform, which is the one that provides the required functionalities to the production. Last but not least it shows us that There is no mobile-based inter-bank fund transfer for 40 million telephone subscribers and most banks in Ethiopia have their own mobile banking system.
  • EthioPay (ETS) is owned by a consortium of Ethiopian banks and operates a central switching platform for ATMs throughout the country.
    • kenza_abdelhaq
       
      Ethiopay wanted to expand its services by implementing the platform Mojaloop which will interconnect disparate services.
ghtazi

Events | The 3rd Ethiopia Banking and ICT Summit - 1 views

  • Cyber Security Africa held its 5th Ethiopia Banking and ICT summit of the year, “The 5th Ethiopia Banking & ICT Summit 2018” hosted in Addis Ababa Ethiopia attracting more than 150+ participants from all over the world.
    • kenzabenessalah
       
      EthioPay is an e-payment platform that was meant to target Ethiopians first, but because of its success, it managed to make a place for itself in the Cyber Security Africa event, one that hosts individuals from all over the world.
    • nouhaila_zaki
       
      This excerpt is important because it shows the central concern to all fintech businesses, including Ethiopia, being Cyber Security. Ethiopay's participation to the summit reflects the company's willingness to partake in African efforts against aggressions on cyber security.
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • nouhaila_zaki
       
      This excerpt is important because if one clicks on it, it redirects towards a comprehensive and concise presentation about Ethiopay, its main drivers, the ecosystem in which it operates, amongst other things.
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • ghtazi
       
      this is important since it gives you every information about Ethiopay in only one click
  • ...1 more annotation...
  • "EthioPay – the Unifying e-Payment Platform for Ethiopia"
    • ghtazi
       
      this is important since it gives you every information about ethiopay in only one click
aminej

EthioPay | Contact Us - 0 views

    • aminej
       
      In this article we can note that the different services that EthioPay offers are electricity bills, health Insurance, pay telecom, school fees and utility fees. We can also deduct from its name that it is located in Ethiopia and it was founded by Minas Yohannes and Daniel Hadgu in 2018.Also, their customer target are any Ethiopian who have a smartphone and wants to use it to pay their bills in a convenient way mostly households and students.
  • Send payments back home in an easy and secure way. Taking care of your loved ones back home does not need to be complicated. EthioPay makes it easy to send money without having to worry whether the money will reach your loved ones. Our secure platform uses bank-grade encryption meaning when you send money, your loved ones are guaranteed to receive it. You also never have to worry about your payment methods being compromised. Use our one-time payment system or set an ongoing schedule. We know that sending money home depends on multiple factors. Sometimes you will want to send a one-time amount, other times you will want recurrent payments. Ethiopay caters for both instances by offering you flexible payment options that you can adjust to your needs. This helps you ensure that you never miss a payment when it's needed. Avoid the headaches of keeping track of payments. You want to keep track of payments you make for your personal records. This can be a challenge when using other platforms. The Ethiopay User Account Dashboard offers a unified and detailed view of all the transactions you have made on the platform. Each entry shows the date and time stamp, amount, recipient and transaction status of every payment made. Pay education & utility bills back home with Ethiopay Paying utility and school fees is an important way of empowering your loved ones back home. Whether you are in North America or Europe, Ethiopay offers an easy and reliable way to do this. In addition, you can opt to set up scheduled payments so the payments are made at the beginning of each school term or any other time frame your choose.
  •  
    This can help in : Improving security in payments. Encouraging more people to use digital money since it is safer mostly in countries where there is high level of crime. People now use their phone more than anything so it would facilitate many task for people (innovative)
  •  
    During the Covid lockdown, we became aware of the need for such a platform. Having the possibility to send money back to your country to help your family in a secure way just by using your phone is amazing. The different security features that EthioPay offers to its customers are crucial in our time where cybercrimes keep on growing.
kenza_abdelhaq

Finalists Named for the 2020 TAG Fintech South Innovation Challenge - TAG Online - 0 views

  • Applications were submitted by companies across the region. The 10 finalists include: Artis Technologies, LLC – modern financing made simple through an embedded financial services platform for digital lending and real-time payments EnrichHER – offers funders the best selection of vetted investment opportunities in companies that have women in leadership roles, while cultivating a thriving ecosystem of New Majority businesses Ethiopay – safe and convenient way to pay loved ones’ bills from anywhere in the world Finosec – IT and cybersecurity management platform for the banking industry Griffin Technologies – customer intelligence platform that provides banks modern day context on new and existing customers Immediate – helps businesses recruit, engage, and retain employees by providing a financial wellness solution that delivers on-demand access to earned pay InvestGuard – technology-enabled exchange for independent PE sponsors Lendsmart AI – AI-enabled technology platform transforming the homebuying process Ryze – Bitcoin-first financial institution, starting with the most powerful way to save and accumulate Bitcoin VIVA Finance – improving employees’ financial well-being through an affordable lending program and financial education
  • At the conclusion of the program, the startups will present to a panel of investors during Fintech South’s Investor Preview event on Monday, Oct. 5. The top three companies will hit the virtual conference’s main stage for a chance to win $25,000.
    • nouhaila_zaki
       
      This article is important because it shows that Ethiopay uses competitions in order to 1- Get financing, 2- Earn regional and international recognition for winning a prestigious competition, 3- Use this competition as a marketing opportunity.
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  • Ethiopay – safe and convenient way to pay loved ones’ bills from anywhere in the world
    • ghtazi
       
      ethiopay is in the top three companies that will hit the virtual conference's main stage for a chance to win 25 000 dollars. which shows us how Ethiopay is invested in what it's doing.
  • Technology Association of Georgia (TAG)  announces 10 startups selected for the Fintech South Innovation Challenge 2020 class. Beginning Sept. 3, the companies will participate in a four-week virtual Education and Mentoring program, which aims to accelerate early stage fintech companies in the region through instruction and mentoring
    • kenza_abdelhaq
       
      Ethiopay is selected as a finalist for the 2020 Fintech South Innovation Challenge.
omarlahmidi

Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr,... - 0 views

  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • kenzabenessalah
       
      It is fascinating to see such African companies grow tremendously over a short period of time. EthioPay is among one of the companies that helped the mobile payment industry in Ethiopia increase at a CAGR of 18.3% and is still expecting to grow.
  • The mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • sawsanenn
       
      A significant number of smartphone subscribers are feature phone users, and smartphone users are increasing recently due to the rising availability of more affordable smartphones on the local market.
  • This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Ethiopia. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks. It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in Ethiopia.
  • ...5 more annotations...
    • nouhaila_zaki
       
      This article is very interesting because it briefly introduces the findings of a report that provides a comprehensive view about the Ethiopian mobile payment/mobile wallet industry in which Ethiopay operates.
  • Companies Mentioned M-Birr BelCash Amole EthioPay YenePay
    • nouhaila_zaki
       
      This excerpt is important because it enumerates Ethiopay's main competitors.
  • Ethiopia Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies -
    • ghtazi
       
      you can pay by : SMS/USSD NFC Code-Based Web-Based
  • Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr, BelCash, Amole, EthioPay, YenePay
    • nourserghini
       
      This article discusses the mobile wallet market in Ethiopia and mentions providers like Belcash such as M-birr, Amole, Ethiopay and YenePay which are potential competitors.
  • Report ScopeThis report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry in Ethiopia. Below is a summary of key market segments:Market Size and ForecastMobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs - mobile payment transaction value, volume and average transaction value.
    • omarlahmidi
       
      This article discusses the mobile payment industry. It also talks about providers such as Belcash.
kenza_abdelhaq

Challenges and opportunities of ethioPay ATM service - 2 views

  • Irrespective of its importance to the customers and financial system, ethioPay interbank service is operating inefficiently. Since there are no studies conducted on this topic especially on ethioPay, this study has been conducted with an objective of identifying challenges and opportunities of ethioPay ATM from perspectives of interconnected banks and supervisors.
  • The study identified challenges such as inappropriate ATM location, low level of customer awareness, inefficient ATM management by the banks, frequent network failure, low level of interest and skills of the banks to use the service.
    • kenza_abdelhaq
       
      Some of the challenges identified at the level of the EthioPay interbank service that is operating inefficiently.
  •  
    this article is well written it talks about the challenges that Ethio pay face and the opportunities to grow
kenzabenessalah

EthioPay: About | LinkedIn - 1 views

  • While other platforms are a one-size-fits-all, Ethiopay isn’t. We support the unique payment needs of Ethiopians including payments for school fees, telecom, utility bills and other needs that are close to your heart.
    • kenzabenessalah
       
      Not all e-payment services contain multiple services, but EthioPay is one of the platforms that does. Not only does it help with utility bills, but it also facilitates school payments, etc.
  •  
    Ethiopay offers a variety of services that individuals require on a daily basis so I consider it as really innovative to regroup all these services in one platform. Their customer target can be households who need to pay their utilities fees or students who need to pay their fees.
  •  
    This is very innovative for the Ethiopian population since it will facilitate many things for them. Most of the popuation lives in rural areas where they can't access important services such as paying school fees or utilities because they are very far. Now, only through your phone you can pay all of these services from anywhere in the world.
nouhaila_zaki

Post | Feed | LinkedIn - 0 views

  • Congrats to the #FintechSouth #Innovation Challenge Finalists!Artis Technologies, EnrichHER, EthioPay, Finosec, Griffin, Immediate, InvestGuard, Lendsmart, Ryze and VIVA Finance will compete on 10/5 for chance to present on the conference’s main stage & win $25k AND a year of free ATDC membership ;)
  •  
    "Congrats to the #FintechSouth #Innovation Challenge Finalists! Artis Technologies, EnrichHER, EthioPay, Finosec, Griffin, Immediate, InvestGuard, Lendsmart, Ryze and VIVA Finance will compete on 10/5 for chance to present on the conference's main stage & win $25k AND a year of free ATDC membership ;)"
mehdi-ezzaoui

Tommy Marshall with Georgia Fintech Academy and Brian Jennings and Davisha Patel with R... - 1 views

  • EthioPay which specializes in cross-border payments to Ethiopia he is currently in TYE competing to win funding for EthioPay.  In his journey of understanding what it truly means to help others, he has uncovered the power of innovation. Innovation is the act or process of introducing new ideas, devices, or methods. Through his own life experiences of being a first-generation Eritrean American, he has found at the crossroads of innovation and entrepreneurship lies impact.
  •  
    Interview with Business radio reveals future plan of Ethiopay
mehdi-ezzaoui

Ethiopia Mobile Wallet and Payment Market Opportunities Databook 2019 Featuring M-Birr,... - 1 views

  • This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in Ethiopia.
  •  
    this report shows the opportunities of ethiopay to become the leader of the market mobile wallet
ghtazi

Ethiopia: Ethio Pay to Push Visa Cards Out | MFW4A - Making Finance Work for Africa - 2 views

  • The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management.
    • kenzabenessalah
       
      This excerpt is important because EthioPay cards are being implemented more and more in commercial banks and are controlling the different payments to foreigners.
  • Currently, over six million people are using ATM Visa cards. Founded in 2011, with a capital of 80 million Br, Eth-Switch facilitated transactions worth 2.9 billion Br in the past fiscal year.
  • The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management.
    • sawsanenn
       
      this article shows that ethiopay is taking control not only of inter-banks and companies but foreign ones too.
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  • Eth Switch, established by the 17 commercial banks to integrate Automated Teller Machines (ATMs) and Point of Sale (PoS), has already implemented Ethio Pay cards in five commercial banks so far, whereas the remaining are still use visa cards. Until now, the banks have been paying a lot of money for using the trademark of the VISA cards.
    • nouhaila_zaki
       
      This excerpt is important because it explains how 17 commercial banks decided to integrate Ethiopay electronic cards in all the banks of the country, at the expense of VISA cards which have been dominating the market thus far.
  • Eth Switch S.C, the consortium of private banks, is to implement electronic cards belonging to the same brand- Ethio Pay, in all the banks of the country. Eth Switch, established by the 17 commercial banks to integrate Automated Teller Machines (ATMs) and Point of Sale (PoS), has already implemented Ethio Pay cards in five commercial banks so far, whereas the remaining are still use visa cards. Until now, the banks have been paying a lot of money for using the trademark of the VISA cards. The utilisation of Ethio Pay branded electronic cards will harness the hard currency payment to foreign companies, according to the company's management. Currently, over six million people are using ATM Visa cards. Founded in 2011, with a capital of 80 million Br, Eth-Switch facilitated transactions worth 2.9 billion Br in the past fiscal year. Source: All Africa
    • ghtazi
       
      this is important because it shows us that there are 5 commercial banks that have implemented Ethiopay cards so far.
  •  
    Using Ethio Pay branded electronic wallets, according to management, the business can use hard currency transfers to international companies and could push VISA out
sawsanenn

Addis host Ethiopia Banking, Information Communications Technology Summit - New Busines... - 1 views

  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
  • he other presenter was Mr. Bizuneh Bekele, CEO of EthSitch Share Company introduced EthioPay under a title, “EthioPay – the uplifting e-payment platform for Ethiopia”.
    • sawsanenn
       
      Ethio-pay was introduced as the best e-payment platform and the best solution for all the disputes arising around ATMs. Plus a quick way to pay since the normal paper-based is time-consuming.
nouhaila_zaki

Ethiopia Mobile Wallet and Payment Market Opportunities (Databook Series) - Market Size... - 0 views

  • According to the author, the mobile payment industry in Ethiopia is expected to record a CAGR of 18.7% to reach US$ 7,818.2 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 18.3% during 2018-2025.
    • nouhaila_zaki
       
      This excerpt is important because it introduces the Ethiopian mobile payment industry in which Ethiopay operates, and predicts its evolution.
kenza_abdelhaq

EthSwitch S.C - 0 views

  • Ethswitch, established in 2011, is a share company fully owned by all banks in Ethiopia. It is established mainly to provide simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals. The underling mandate of Ethswitch is contributing to the modernization of the national payments system and enhancement of financial inclusion in the country.
    • kenza_abdelhaq
       
      Ethswitch is the owner of EthioPay and they both operate on the national level with all different banks contributing to the modernization of Ethiopia's payment system.
  •  
    "Ethswitch, established in 2011, is a share company fully owned by all banks in Ethiopia. It is established mainly to provide simple, affordable, secured, and efficient e-payment infrastructure services to retail payment service providers, and through them, to end users in Ethiopia; by deploying state-of-the-art technology along with highly skilled and motivated professionals. The underling mandate of Ethswitch is contributing to the modernization of the national payments system and enhancement of financial inclusion in the country."
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