Economy
CBE Raises Mobile Banking Transfer Limit to Birr 1.5 Million Per Day
Addis Insight · 2 weeks ago · Read the Full Story on Addis Insight
AI SUMMARY
The Commercial Bank of Ethiopia has increased its daily mobile banking transfer limit for individual customers to Birr 1.5 million and the single transaction limit to Birr 400,000.
- The Commercial Bank of Ethiopia increased its daily mobile banking transfer limit for individual customers to Birr 1.5 million.
- The previous daily limit of Birr 600,000 represents a 150 percent increase under the revised ceiling.
- The single transaction transfer limit for individual customers was raised from Birr 300,000 to Birr 400,000.
- Digital transactions across Ethiopia’s banking system have reached approximately Birr 33 trillion annually.
- The Commercial Bank of Ethiopia accounts for approximately Birr 22 trillion in annual digital transactions, representing about two-thirds of the national total.
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