Qitero Qitero

EthSwitch

Country: Ethiopia (ET)  |  Payment Rail: real_time_payment

RealTimePayment Market Adoption: 40%

EthSwitch is Ethiopia's national payment switch and instant interbank clearing infrastructure established by the National Bank of Ethiopia, enabling 24/7 account-to-account interoperability and widely used for interbank transfers, ATM sharing, and unified merchant clearing.

🔄 User Payment Flow

  1. Customer selects EthSwitch / Interbank Instant Transfer at checkout
  2. Checkout presents unified interoperable QR code or bank account payment details
  3. Customer logs into their respective commercial bank mobile app or wallet
  4. Customer authorizes payment via bank app biometric or transaction PIN
  5. EthSwitch clears interbank funds instantly across participant institutions

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRYES
Supports RecurringNO
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant generates payment session via member bank or integrated PSP
  • EthSwitch routes real-time clearing message between payer bank and merchant acquiring bank
  • Merchant receives instant clearing confirmation webhook