The National Bank of Ethiopia (NBE) and PAPSS announced that Ethiopia has officially joined the PAPSS network, enabling local financial institutions to connect and make cross-border payments with institutions across Africa. The announcement was made at a joint press conference on the sidelines of the Ethiopia Finance Forum in Addis Ababa by NBE Governor Eyob Tekalign and PAPSS CEO Mike Ogbalu III. The two also said Ethiopia will co-host PAPSS COWRY 2026, Africa’s Payments Conference, on 26–27 November 2026 at the Ethiopian Skylight Hotel in Addis Ababa, expecting more than 1,000 delegates, over 60 speakers and more than 35 exhibition booths. Discussions will cover cross-border payments, local currency settlement, stablecoins, digital assets and cybersecurity.
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