Ethiopia is all set to mark a significant milestone in its journey towards becoming a digitally enabled economy. With Ethiopia's Net Interest Income in the Banking market projected to reach US$4.55 billion in 2024 and an anticipated growth to US$5.56 billion by 2028, the banking sector is poised for substantial expansion. This growth is underpinned by a robust annual growth rate of 5.14% from 2024 to 2028, signalling a strong and upward trajectory for the industry.
Connected Banking - Ethiopia will delve into the significant sources of change including mobile banking, AI and chatbots, payment security, online banking accessibility, and the impact of blockchain and digital currencies. These technologies are not just reshaping customer expectations but are also setting new standards for operational efficiency and service delivery in the banking sector.