Ethiopian Commodity Exchange (ECX) and Hijra Bank signed an agreement to partner on payment service systems. Hijra has become ECX’s 20th payment system partner. ECX is working to create modern and reliable payment system with a view to building a swift and advanced payment system. It also aims to make the payment system more accessible to traders including farmers, sellers, and buyers.

ECX signed an agreement with Ethiopian Artificial Intelligence Institute in January this year to start an online trading system which would allow services that were available at the headquarters of the institution to be provided remotely. A Birr 14 billion transaction was facilitated through ECX’s electronic trading system during the past seven months of the current fiscal year.

Hijra Bank started operation in 2021. It currently has 60 branches across the country.

Source: Addis Zemen and Ethiopian News Agency