The Race in the Ethiopian Fin-Tech Industry

the-race-in-the-ethiopian-fin-tech-industry

The new payment directive was issued at the beginning of 2020 that paved the way for many mobile money products like CBE Birr, Amole, and HelloCash.

The new payment directive was issued at the beginning of 2020 aiming to replace the old directive issued in 2012 that paved the way for many mobile money products like CBE Birr, Amole, and HelloCash. This new directive has also marked the start of the race to enter the payment gateway market first. But what is a payment gateway, and why is it so important? A payment gateway is a technology that captures and transfers payment data from the customer to the acquirer and then transfers the payment acceptance or decline back to the customer. And this allows businesses to accept payments online.

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