EthioPay-IPS Surpasses 1 Million Daily Transactions, Processing Over ETB 5 Billion
BPC, a leading global payment software and service company, today announced that EthSwitch, Ethiopia’s national payment switch, a share company owned by the National Bank of Ethiopia, public and private banks, MFIs, PIIs and PSOs, has reached a major milestone with its technolgoy as EthioPay-IPS surpasses 1 million in a single day transactions, with total a value exceeding ETB 5 billion.
This achievement represents a significant leap forward in advancing interoperable instant payments in Ethiopia. It comes alongside international recognition, with EthSwitch and BPC receiving The Asian Banker’s prestigious “Best Financial Inclusion Technology Initiative in Africa for 2026”award.
The milestone reflects the rapid adoption of interoperable digital payments across Ethiopia and underscores the progress made through EthioPay-IPS in strengthening the national payments ecosystem. It also highlights the importance of sustained collaboration, technical excellence, and long-term commitment in building resilient and inclusive national payment infrastructure.
“Ethswitch and BPC’s national interoperable payments infrastructure demonstrates how shared technology can reduce fragmentation, broaden access to digital financial services, and support more inclusive participation in the formal economy.” commented The Asian Banker Research experts.
The recognition from The Asian Banker further reinforces EthSwitch’s role as a key driver of financial inclusion in Africa. Beyond scale and performance, the award recognizes the platform’s broader impact as a model for how national payment systems can expand access, improve efficiency, and accelerate digital economic growth. For Ethiopia, it signals meaningful progress in building a modern, inclusive, and locally governed financial ecosystem.