Addis Ababa, October 18, 2025 — Ethiopia’s national payment switch operator, EthSwitch S.A., has announced robust financial results for the last fiscal year, underscoring its growing role in the country’s expanding digital financial ecosystem. The company reported a 34% increase in total revenue, achieving a profit before tax of 1.42 billion birr, according to figures released during its 12th Annual General Meeting of Shareholders held today in Addis Ababa.
Strong Financial Performance
Chairman of the Board, Ato Solomon Desta, highlighted that EthSwitch’s annual total revenue reached 2.2 billion birr, while paid-up capital exceeded 2.5 billion birr, reflecting strong shareholder confidence and sustained institutional growth.
“EthSwitch has made significant progress in developing a modern and efficient payment ecosystem in the last fiscal year,” Ato Solomon remarked. “Our focus remains on strengthening Ethiopia’s digital payment infrastructure, enhancing interoperability, and improving service reliability across financial institutions.”
Expanding Role in Ethiopia’s Digital Economy
As Ethiopia accelerates its shift toward a cash-lite economy, EthSwitch has become a cornerstone in enabling secure, interoperable, and real-time transactions among banks and payment service providers.
During the fiscal year, the National Switch Center reported processing over 740.1 billion birr worth of cash transfers, facilitated through more than 287 million transactions — a reflection of both expanding access to digital financial services and increasing public trust in electronic payment systems.
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