Ethiopia Rolls out Its first Domestic Credit Card with SanuPay and OpenWay
- SanuPay and OpenWay launched Ethiopia's first domestic credit card.
- The initiative aims to modernize Ethiopia's payment infrastructure.
- SanuPay plans to issue 4 million debit and prepaid cards.
The launch of Ethiopia's first domestic credit card is a pivotal moment for the country's financial landscape, indicating a shift towards modernization and inclusivity in payment systems. This initiative not only enhances consumer access to credit but also positions Ethiopia as a growing hub for fintech innovation in East Africa. Further discussions could explore the potential impacts on local economies and the challenges of implementing such systems in developing regions.
