e-Payment: Challenges and Opportunities in Ethiopia
Due to poor telecommunication infrastructure, organizations that run e-payment system had faced a lot of challenges. ETC (Ethiopian Telecommunication Corporation), the only telecommunication provider in the country, was, so far unable to provide reliable and fast telecommunication services. Frequent connectivity failure in telephone lines and other network lines had put banks and other organizations into trouble. Low bandwidth, particularly, for Internet is the other major problem. Availability of Internet especially at peak hour is also low
cash can easily be stolen and is usually not convenient for large amount of transactions (e.g. you can not easily buy a house with cash). Cash also does not provide a float (the period of time between a purchase and actual payment for the purchase). It also forces the payer and the payee to physically present themselves.
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