EthSwitch is exploring expanded collaboration with Huawei to strengthen Ethiopia’s digital payments ecosystem through artificial intelligence, resilient payment infrastructure, and cross-border payment connectivity with China. The discussions took place in Addis Ababa during a meeting between EthSwitch CEO Yilebes Addis and Fernando Liu, focusing on mobile banking innovation, AI-driven security, payment infrastructure, and technical capacity building.
The talks come as EthSwitch continues to record strong growth, having processed 387 million interoperable transactions worth ETB 1.26 trillion during the 2025/26 fiscal year while posting ETB 2.6 billion in pre-tax profit. As the backbone of Ethiopia’s electronic payments ecosystem, the national switch supports ATM, point-of-sale, QR code, instant payment, and gateway services that connect banks and payment service providers across the country.
A key area of discussion was cross-border payment cooperation with China’s payment and clearing ecosystem, which could improve payment flows for trade, tourism, and commercial activities between Ethiopia and China. The partnership also aims to strengthen local technical expertise through skills development and knowledge transfer, reflecting Ethiopia’s broader strategy of modernising its financial sector and expanding digital financial inclusion through global technology partnerships.
Source : www.itnewsafrica.com
