Ethiopia Mandates Interoperable QR Code Payments for All Payment Providers by December 1
- Mandate for QR codes issued by payment providers in Ethiopia starting December.
- Introduction of a universal QR standard developed by EthSwitch.
- Merchants will only need one QR code to accept payments from any bank or provider.
The introduction of a standardized QR code system in Ethiopia is a significant step towards modernizing the country's payment infrastructure. This initiative not only simplifies transactions for consumers and merchants but also aligns with global trends towards digital inclusivity. However, the success of this system will depend on widespread adoption and the ability of all stakeholders to adapt to the new standard.
