Ethiopia's EthioPay-IPS Surpasses 1.1 Million Daily Transactions as EthSwitch Takes Part in Africa Payments Dialogue

ADDIS ABABA - (Buna Kurs by Adsolut Communications) – Ethiopia's EthioPay instant payment system has surpassed 1.1 million transactions in a single day, highlighting the growing scale of the country's digital payments infrastructure, according to EthSwitch's Chief Portfolio Officer, Abeneazer Wondwossen.

The milestone comes as EthSwitch prepares to share its experience in developing Ethiopia's instant payment ecosystem at the launch of the 2026 State of Inclusive Instant Payment Systems (SIIPS) in Africa Report in Mauritius on Nov. 19.

"Our focus is very simple. We want to make sure that instant payment is a part of daily life for more Ethiopians," Wondwossen said in a video message ahead of the event.

He said the company would share its experience, development journey and the impact of its work across Ethiopia during the continental gathering.

EthSwitch, Ethiopia's national payment switch, processed 387 million interoperable transactions during the 2025/26 financial year, according to figures published by the company. Its payment infrastructure connects banks, microfinance institutions and other payment providers, supporting the expansion of interoperable digital transactions.

The company is also among the sponsors of the SIIPS 2026 launch, organised by the AfricaNenda Foundation, which brings together stakeholders involved in developing inclusive instant payment systems across the continent.

The fifth edition of the SIIPS report examines the progress of instant payment systems in Africa, including their reach, adoption, interoperability and contribution to financial inclusion.

For Ethiopia, the engagement provides an opportunity to bring its experience into a wider continental discussion on how payment infrastructure can expand access to digital financial services and make electronic transactions more accessible in everyday economic activity