Economy
P2P Transfers Dominate EthSwitch’s $7.8 Billion Payment Volume
BirrMetrics · 4 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Person-to-person transfers accounted for nearly 85 percent of the 7.8 billion US dollars processed through EthSwitch during the 2025/26 financial year.
- EthSwitch processed 387 million interoperable transactions valued at 7.8 billion US dollars during the 2025/26 financial year.
- Person-to-person transfers accounted for 242.6 million transactions worth approximately 6.6 billion US dollars, representing nearly 85 percent of total transaction value.
- Point-of-sale transactions reached 3.9 million worth 66.5 million US dollars, while ETHQR payments totalled 551,500 transactions valued at 42.2 million US dollars.
- ATM transactions formed the second-largest category with 131.5 million transactions worth approximately 1.2 billion US dollars.
- EthSwitch reported a gross profit before tax of approximately 16.1 million US dollars for the financial year.
- The EthioPay Instant Payment System processed over one million P2P transactions in a single day, valued at approximately 31.7 million US dollars.
- The AfricaNenda Foundation upgraded Ethiopia's instant-payment system to the Progressed level in its November 2025 report.
- EthSwitch officially launched the EthioPay brand and introduced a five-year corporate strategic plan for the 2026/27 to 2030/31 financial years.
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