Business
Mastercard Deploys AI and Tokenization to Secure Ethiopia's Digital Payments
Capital Ethiopia · 1 hour ago · Read the Full Story on Capital Ethiopia
AI SUMMARY
Mastercard is deploying artificial intelligence and tokenization technologies to strengthen cybersecurity and combat rising fraud in Ethiopia's digital financial ecosystem.
- Mastercard is deploying artificial intelligence and tokenization technologies to enhance security across Ethiopia's digital financial ecosystem.
- The National Bank of Ethiopia reported that payment fraud losses reached 1.3 billion birr in 2024.
- Attempted cyberattacks targeting government and private organizations increased by 115 percent in the first half of 2024 compared to the same period in 2023.
- Mastercard unveiled a transaction-specific foundation model in March 2026 trained on hundreds of millions of anonymized transactions to detect fraud more accurately.
- Tokenization replaces a cardholder's 16-digit primary account number with a digitally generated token to protect sensitive payment information.
- Mastercard's local partnerships in Ethiopia include collaborations with Dashen Bank and Ethiopian Airlines on offerings such as ShebaMiles Premium Cards.
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