A cashless economy can modernize a developing economy by reducing corruption and organized crime and ensuring equitable societal growth. But what about its drawbacks?

Ethiopia’s banking industry grows with mobile banking and digital payments but faces fraud risks. Customers lose 2 billion birrs in four years.

The Ethiopian Fintech industry has witnessed significant growth over the past decades. Entrepreneurs have a huge part to play in this expansion. Loline had a chance to speak to one of the pioneers of Fintech in Ethiopia, Vince Mountaga Diop.

Can digitalizing businesses be as important as they say? Losing the social factor in business, is it worth it? Let's look at the pros and cons of the digital economy

Ethiopia's sole mobile operator, Ethio Telecom has been working on a mobile money and payment solution for the past two years. After the National bank of Ethiopia issued a new directive last year, Ethio Telecom was able to release its platform now.

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.