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📢Day 5/100: Understanding Ethiopian Fintech

Ethiopia's fintech ecosystem is a mix of challenges and opportunities. 📈🌍

From low formal banking penetration to an increasingly digital population, it’s clear that innovation in financial services is critical.

Key insights from my research today:

1️⃣ Low banking penetration but high mobile adoption: Over 75% of transactions are cash-based, yet mobile payment systems like Telebirr are gaining traction.

2️⃣ Regulatory frameworks: Ethiopia’s regulatory approach emphasizes financial inclusion but poses innovation challenges, especially for BNPL services.

3️⃣ Unique consumer behaviors: Ethiopians' dominance of informal financial systems and cash reliance shape their engagement with digital financial services.

💡 Question of the day: How can fintech drive financial literacy in Ethiopia to accelerate digital adoption?

#FintechAfrica #Ethiopia #BNPL #FinancialLiteracy #DigitalTransformation



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📢Day 5/100: Understanding Ethiopian Fintech

Ethiopia's fintech ecosystem is a mix of challenges and opportunities. 📈🌍

From low formal banking penetration to an increasingly digital population, it’s clear that innovation in financial services is critical.

Key insights from my research today:

1️⃣ Low banking penetration but high mobile adoption: Over 75% of transactions are cash-based, yet mobile payment systems like Telebirr are gaining traction.

2️⃣ Regulatory frameworks: Ethiopia’s regulatory approach emphasizes financial inclusion but poses innovation challenges, especially for BNPL services.

3️⃣ Unique consumer behaviors: Ethiopians' dominance of informal financial systems and cash reliance shape their engagement with digital financial services.

💡 Question of the day: How can fintech drive financial literacy in Ethiopia to accelerate digital adoption?

#FintechAfrica #Ethiopia #BNPL #FinancialLiteracy #DigitalTransformation

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