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Ethopia: NBE mandates adoption of standardized QR codes for digital payments

Ethopia: NBE mandates adoption of standardized QR codes for digital payments

Africa Links 24 with Addis3
Published on 2024-11-07 09:26:14

Ethopia: NBE mandates adoption of standardized QR codes for digital payments
(Photo: Ethio telecom)

Addis Abeba – The National Bank of Ethiopia (NBE) has announced a directive mandating all payment service providers to adopt standardized QR codes for digital payments, effective 01 December, 2024.

According to NBE’s statement released on 07 November, 2024, the new mandate requires all payment service providers to issue QR codes that comply with the central bank’s standards, replacing the various QR code systems currently in use.

“This initiative aims to unify the diverse payment QR codes…

Read the full article on Addis Standard

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