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?
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?
On Telegram’s website, it says that Pavel Durov “supports Telegram financially and ideologically while Nikolai (Duvov)’s input is technological.” Currently, the Telegram team is based in Dubai, having moved around from Berlin, London and Singapore after departing Russia. Meanwhile, the company which owns Telegram is registered in the British Virgin Islands. The perpetrators use various names to carry out the investment scams. They may also impersonate or clone licensed capital market intermediaries by using the names, logos, credentials, websites and other details of the legitimate entities to promote the illegal schemes. Update March 8, 2022: EFF has clarified that Channels and Groups are not fully encrypted, end-to-end, updated our post to link to Telegram’s FAQ for Cloud and Secret chats, updated to clarify that auto-delete is available for group and channel admins, and added some additional links. As a result, the pandemic saw many newcomers to Telegram, including prominent anti-vaccine activists who used the app's hands-off approach to share false information on shots, a study from the Institute for Strategic Dialogue shows. The Russian invasion of Ukraine has been a driving force in markets for the past few weeks.
from ar
