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Ethiopia Launches Digital Wallet Fayda Wallet

Ethiopia Launches Digital Wallet Fayda Wallet

Sputnik Africa

Ethiopia Launches Digital Wallet Fayda WalletThe initiative aims to eliminate paperwork and streamline access to both public and private digital services.The... 23.05.2025, Sputnik Africa

2025-05-23T22:45+0200

2025-05-23T22:45+0200

2025-05-23T23:24+0200

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Ethiopia Launches Digital Wallet Fayda WalletThe initiative aims to eliminate paperwork and streamline access to both public and private digital services.The Cooperative Bank of Oromia is the first to adopt Fayda Wallet, allowing customers to open accounts seamlessly using biometric eKYC verification without the need for physical documents. This effort aligns with Ethiopia’s Digital 2025 Strategy and Homegrown Economic Reform Agenda, both emphasizing digital identity as a crucial element for financial inclusion and improved public service access.Subscribe to @sputnik_africa Sputnik Africa | X

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