Yinager Dessie

Upcoming proclamation to unlock foreign digital finance

Upcoming proclamation to unlock foreign digital finance

Foreign mobile money operators or digital financial service givers will be allowed to operate in Ethiopia even before the revising of banking proclamation is done as digital payment proclamation is under preparation for the first time.The Digital Payment Proclamation bill will allow foreign investors to offer mobile money services, boosting firms such as Safaricom- Ethiopia that are seeking to start operations in the country this year.“Revising the banking proclamation and allowing mobile money operators is different,” said Yinager Dessie, governor of the National Bank.A he explained the mobile money operators will be liaising with the local banks, as opposed to…
Read More