Ethiopia’s national payment switch, EthSwitch, processed 287.4 million interoperable transactions worth 741.1 billion birr during the 2024/25 fiscal year, underlining the rapid expansion of digital payments across the country.

Person-to-person (P2P) transfers accounted for 128.3 million transactions valued at 577.7 billion birr, a 158 percent increase from the previous year.

The announcement came during EthSwitch’s 12th Annual General Shareholders’ Meeting, held at the Sheraton Addis on October 28, 2025.

ATM withdrawals and point-of-sale (POS) payments also showed strong growth. Interoperable ATM transactions reached 119.3 million, amounting to 156.1 billion birr, while POS payments rose 24 percent to 2.78 million transactions valued at 7.2 billion birr.

The surge in activity translated into financial gains for EthSwitch. The company reported total revenue of 2.2 billion birr and a pre-tax profit of 1.42 billion birr, marking a 34 percent increase from the previous fiscal year. Paid-up capital grew to 2.56 billion birr, reflecting sustained shareholder confidence in the company’s modernization efforts.

“This landmark moment reflects not only EthSwitch’s success in driving digital payment adoption, but also signifies a broader national shift toward a more cash-lite, digitally empowered economy,” said Yilebes Addis, Chief Executive Officer.