EATS handles over 3.5 million transactions annually, collectively worth more than five trillion birr. As a vital part of Ethiopia’s financial infrastructure, the system enables real-time, high-value settlements among 35 financial institutions, including commercial banks and microfinance institutions. Operating for ten hours daily, Monday through Saturday, it ensures smooth and immediate interbank transactions.
The upgrade represents a significant milestone for Ethiopia’s financial sector, introducing advanced messaging formats, enhanced security protocols, and improved liquidity management tools. These enhancements are expected to increase both the efficiency and resilience of the national payment system.
NBE has underscored its ongoing commitment to modernizing financial infrastructure to support economic growth and safeguard systemic stability. The project is supported by Montran, a global fintech provider and early adopter of ISO 20022. With a presence in over 90 countries, Montran delivers real-time solutions to central banks, financial institutions, and clearinghouses worldwide.
This transition positions Ethiopia to meet international standards while laying the groundwork for a more secure, transparent, and digitally driven financial system.