Fintech - Pana Insight

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Designing Gender-intentional Credit Scoring

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11/14/2024

Women tend to have better loan repayment rates than men. There is an implication that women are subject to a stricter loan application evaluation. Loan officers could be gender-biased, there may not be sufficient data for women, or data sources may not fully account for gender differences, creating barriers to loan approval. In such cases, […]

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NBE Revises Payment Instrument Issuer Directive

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- Fintech -

11/03/2023

The National Bank of Ethiopia (NBE) has taken a significant step in regulating the mobile money industry by issuing a revised Payment Instrument Issuer Directive. This directive, following the amendment of the Payment Systems Proclamation, introduces a set of new regulations and changes. Notable updates include detailed requirements for foreign mobile money service providers in […]

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CBE Announces New Tariff for Banking Services

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- Banking and Finance -

10/12/2023

The Commercial Bank of Ethiopia (CBE), the nation’s largest bank, has introduced a comprehensive tariff guide for its wide array of banking products and services. This tariff guide encompasses various categories, including deposit accounts, transfer services, bill payments, cheque books, safe deposit boxes, digital banking, international banking, and credit services. The tariff shows the interest […]

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Safaricom’s M-Pesa Goes Live in Ethiopia

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- Banking and Finance -

08/17/2023

M-PESA, Safaricom Ethiopia’s Mobile Financial Services, went live in August 2023 three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia (NBE). The license was granted to Safaricom M-PESA Mobile Financial Services PLC, a subsidiary company owned by Safaricom Telecom Ethiopia, in May 2023. M-PESA’s launch comes after a three-month […]