Status
Operating at scale
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Name (Payment)
EthSwitch
URL (Payment)
https://ethswitch.com/
Region
Africa
# of participants
Unknown
AML law
Yes
Bank participation in network
Yes
Centralised fraud management system?
Yes
Consumer protection law
Unknown
Governor
Central bank/ Financial regulator
Non-bank participation in network
Yes
Notes
EthSwitch, a company owned by all banks in Ethiopia is implementing a national payment switch to enhance financial integration between agencies to promote financial inclusion in the country. The entity is building services to achieve interoperability between digital payment platforms operated by different financial service providers in Ethiopia. Limited interoperability Intended to be a part of regional IPS REPSS (The Common Market for Eastern and Southern Africa- COMESA)
Offline transactions
Unknown
Operator
Banking association
QR-based transactions
Unknown
Reporting forum/ website/ form
Yes
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
Yes
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Unknown
Transaction cost
Unknown
Transaction types
P2P
P2M
Value (Year-USD)
?- USD 1.5 B
Volume (Year- Volume)
2023- 14 M