WHEREAS, the national payment system is an essential component of the financial infrastructure of the country, whose safety, security and efficiency is critical to ensure financial stability, economic growth and financial inclusiveness;

WHEREAS, it has became necessary to provide on establishment, governance, operation, rules regulation and oversight of the national payment system so as to ensure its safety, security and efficiency;

NOW, THEREFORE, in accordance with Article 55 (1) of the Constitution of the Federal Democratic Republic of Ethiopia it is hereby proclaimed as follows: