Depositors in Ethiopia can cash their account from any ATM even if it is not operated by the bank where they have deposited their savings. The long-awaited national switch system, ET Switch S. C., has gone operational today, April 20, 2016.
Et-Switch was established in 2011 by 16 banks, with 80.5 million Br registered capital.
Promoters of the project hope to see the system avail convenience in banking transactions, and payments.
After being piloted for three months, all... Read More