EthSwitch S.C., the national switch operator for the banking industry, is set to roll out several digital payment solutions that will introduce new features. The company has been providing solutions to banks and microfinance institutions since its establishment in 2011, pioneering ATM and POS interoperability in the country.
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Anyone who holds a payment card issued by any bank can now make payments at any Point of Sale (PoS) terminal, following the board of the National Bank of Ethiopia’s (NBE) approval of the interoperability of PoS machines early this month.
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Eth-Switch S.C, a consortium formed by all banks to integrate the national electronic payment system has posted a net profit of 12.6 million Br for the year 2019.
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| Currency (Code) | Buying Rate | Selling Rate |
|---|---|---|
 US Dollar(USD) | 57.4895 | 58.6393 |
 Euro(EUR) | 62.3359 | 63.5826 |
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 UAE Dirham(AED) | 14.1646 | 14.4479 |
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