Report
Digital Remittance in Ethiopia: The Opportunity, Risk, and Fine Print
ShegaAnalysis
Ethiopia's digital remittance sector is expanding to roughly a dozen platforms across banks, mobile money, and fintechs, now backed by the National Bank of Ethiopia after a market-based foreign exchange reform. Regulators plan to license at least 10 outbound payment providers by 2029 and are preparing a sandbox for transfers of up to $5,000 annually, while cracking down on Birr-paired peer-to-peer crypto trading. Structural gaps nonetheless continue to sustain informal remittance channels.
