Ethiopian Company EthSwitch Receives USD 2.33 Mn Grant From AfDB

Ethiopian fintech company, EthSwitch, has received USD 2.33 Mn grant from the African Development Bank (AfDB) via the Africa Digital Financial Inclusion Facility (ADFI) to modernize its payments infrastructure.

Established in 2011, EthSwitch operates as an e-payment solutions provider, established to provide simple, and secured e-payment infrastructure services to retail payment service providers, and finally to consumers.