Epython Lab

🌟𝘿𝙖𝙮 25/100: 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:

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

- Regulatory frameworks: Ethiopia’s regulatory approach emphasizes financial inclusion but poses innovation challenges, especially for Buy-Now-Pay-Later services.

- Unique consumer behaviors: The dominance of informal financial systems and cash reliance shapes how Ethiopians engage with digital financial services.



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



#FintechAfrica #Ethiopia #Buy-Now-Pay-Later #FinancialLiteracy #DigitalTransformation

www.tgoop.com/epythonlab/1904

1.11K viewsDec 28, 2024 at 08:25

🌟𝘿𝙖𝙮 25/100: 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:

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

- Regulatory frameworks: Ethiopia’s regulatory approach emphasizes financial inclusion but poses innovation challenges, especially for Buy-Now-Pay-Later services.

- Unique consumer behaviors: The dominance of informal financial systems and cash reliance shapes how Ethiopians engage with digital financial services.



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



#FintechAfrica #Ethiopia #Buy-Now-Pay-Later #FinancialLiteracy #DigitalTransformation

BY Epython Lab