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?
Official government accounts have also spread fake fact checks. An official Twitter account for the Russia diplomatic mission in Geneva shared a fake debunking video claiming without evidence that "Western and Ukrainian media are creating thousands of fake news on Russia every day." The video, which has amassed almost 30,000 views, offered a "how-to" spot misinformation. Following this, Sebi, in an order passed in January 2022, established that the administrators of a Telegram channel having a large subscriber base enticed the subscribers to act upon recommendations that were circulated by those administrators on the channel, leading to significant price and volume impact in various scrips. Telegram does offer end-to-end encrypted communications through Secret Chats, but this is not the default setting. Standard conversations use the MTProto method, enabling server-client encryption but with them stored on the server for ease-of-access. This makes using Telegram across multiple devices simple, but also means that the regular Telegram chats you’re having with folks are not as secure as you may believe. Although some channels have been removed, the curation process is considered opaque and insufficient by analysts. WhatsApp, a rival messaging platform, introduced some measures to counter disinformation when Covid-19 was first sweeping the world.
from in
