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ETSwitch Signs Strategy Deal to Upgrade Payment Infrastructure


ETSwitch Signs Strategy Deal to Upgrade Payment Infrastructure

ETSwitch has inked an agreement with global consultancy Genesis Analytics to chart a 15-year roadmap, supported by a detailed five-year strategic plan. Executives disclosed that the engagement follows a full review of the company's performance over the past five years, opening the door for Genesis to pinpoint priority areas for the next phase of growth. CEO Yilebes Addis noted that ETSwitch has been developing multiple projects to strengthen the national payments ecosystem. He added that the upcoming five-year plan will align with the Digital Ethiopia programme, the National Bank’s financial inclusion strategy, and recognised global practices from peer institutions. Genesis Analytics will assess ETSwitch’s current operations to prepare the master plan, with financial institutions expected to weigh in on the future role of the national switch. The company has also signed a new partnership with Mastercard to expand the country's digital payment landscape and strengthen its link to global financial networks. The is expected to introduce secure, internationally accepted payment solutions for banks, businesses, and consumers. Both organisations plan to explore and roll out a range of cross-border payment capabilities.insurance nationwide.

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