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Mastercard deploys AI, Tokenization to strengthen digital payment security

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Global payments technology company Mastercard is deploying artificial intelligence (AI) and tokenization technologies to strengthen security across Ethiopia’s rapidly expanding digital financial ecosystem.

As Ethiopia expands digital payments beyond cash-based transactions to include virtual cards, mobile wallets and contactless point-of-sale systems, rising transaction volumes are increasing the need for stronger cybersecurity safeguards.

Addressing these vulnerabilities is seen as essential to ensuring that efforts to expand financial inclusion remain resilient against increasingly sophisticated cyber threats.

Ethiopia’s digital payment transformation is taking place alongside broader policy and regulatory reforms. The government has pursued measures to reduce reliance on cash and improve interoperability among banks, fintech companies and mobile money operators.

However, security concerns have intensified alongside the sector’s growth. The National Bank of Ethiopia (NBE) reported that fraud losses reached 1.3 billion birr in 2024, while attempted cyberattacks targeting government and private organisations increased by 115 per cent in the first half of that year compared with the same period in 2023.

Speaking to Capital, Shabir Ahmed, Mastercard’s Senior Vice President and Customer Solutions Center Lead for Africa, said secure payment platforms are essential to sustaining digital adoption in emerging markets.

“Every single payment requires absolute trust,” Ahmed said. “At Mastercard, we have made substantial investments in our cyber and fraud mitigation capabilities globally. Today, we harness real-time artificial intelligence to evaluate transactions instantaneously.”

He said the company’s systems assess risk factors within milliseconds to determine whether a transaction is legitimate or fraudulent, protecting consumers while enabling seamless commerce.

Mastercard’s AI capabilities have continued to evolve. In March 2026, the company unveiled a transaction-specific foundation model, a large tabular model trained on hundreds of millions of anonymised transactions.

The model is designed to identify fraudulent activity more accurately than traditional machine-learning systems by detecting complex relationships across large datasets that human analysts might overlook.

It also aims to reduce false positives, which can result in legitimate transactions, including high-value purchases, being incorrectly flagged as suspicious.

The technology marks a shift from conventional approaches that rely heavily on manually engineered features towards more advanced pattern recognition, helping payment providers respond to increasingly sophisticated fraud schemes.

Beyond AI-powered risk assessment, Mastercard is advancing tokenization technology to protect sensitive payment information.

Tokenization replaces a cardholder’s actual 16-digit Primary Account Number (PAN) with a digitally generated token that can be used for transactions without exposing the underlying card details.

These tokens allow payment credentials to be stored and used across mobile devices, merchant systems and e-commerce platforms while reducing exposure of sensitive account information.

If a merchant’s database is compromised, tokenized payment data can provide an additional layer of protection because tokens are generally restricted to specific devices, merchants or transaction contexts.

This can reduce the risk of card-not-present fraud and the misuse of stolen payment credentials, although the level of protection depends on how the tokenization system is implemented.

The benefits of tokenization have been documented in international markets. Industry discussions citing Visa data indicate that tokenized transactions can reduce e-commerce fraud rates compared with transactions using conventional card numbers.

For Ethiopia, where digital payment adoption is expanding alongside concerns about fraud and consumer confidence, stronger payment security could play an important role in encouraging wider use of electronic transactions.

The technology also supports Mastercard’s local partnerships, including its collaboration with Dashen Bank and Ethiopian Airlines.

Recent co-branded offerings, including ShebaMiles Premium Cards, combine travel-related rewards with international payment capabilities across more than 200 countries and territories.

As cross-border payments and digital services become more accessible, ensuring that transactions remain secure will become increasingly important for banks, merchants and payment service providers.

Tokenization also underpins several consumer-facing payment services. It enables secure tap-to-pay transactions, supports digital wallets such as Google Pay where the service is available, and helps protect credentials used for recurring payments and international subscriptions.

“When I travel today, I no longer rely on a physical card; wherever a contactless point-of-sale terminal is available, I simply tap my mobile phone,” Ahmed told Capital.

“Through tokenization, you do not expose the physical card number—you use a secure tokenized identifier. That is how we simplify the user experience while strengthening the entire payment environment against fraud.”

Global South E-Commerce expansion

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As Ethiopia works to expand its digital economy and strengthen its position in regional and international trade, a new e-commerce platform is proposing an alternative model for how businesses and consumers connect across the Global South.

Tradplat, founded by Del Harvey, describes itself as the world’s first non-US-dollar, non-SWIFT e-commerce platform. It aims to operate through independently owned national franchises across 77 Global South countries, including 53 of Africa’s 54 countries, allowing consumers to shop in local currencies while giving businesses access to buyers across the network.

In Ethiopia, Tradplat is seeking a local owner-operator partner to establish and run the national platform. The company says the initiative has the support of the Federal Democratic Republic of Ethiopia’s Ministry of Trade and Regional Integration and plans to launch internationally in March or April 2027.

In this interview with Capital’s Groum Abate , Del Harvey explains how Tradplat’s franchise model would work, why the platform is designed to reduce reliance on US-dollar and SWIFT-based payment systems, and what the proposed Ethiopian launch could mean for consumers, manufacturers, exporters and small businesses.

He also discusses the platform’s plans for pricing, delivery, seller verification, product quality and payment in Ethiopian Birr, as well as why Ethiopia has been chosen as the network’s first partner. Excerpts;

 

 

Capital: What is Tradplat’s business model?

Del Harvey: Tradplat is an international e-commerce network designed exclusively for the Global South, operating through a franchise model that develops and alternative to the traditional US-dollar and SWIFT-based trade and payment arrangements.

The Global South represents approximately 85% of the world’s population, making it a major market for consumer commerce and international trade. World Bank data for 2025 puts the population of low- and middle-income economies at approximately 6.79 billion, with combined GDP of around US$41.48 trillion. The World Bank also reported that developing economies accounted for 60% of global economic growth.

Tradplat is building an international network of exclusive country franchises, with one independent business partner in each country. Tradplat operates as a Software as a Service (SaaS) provider, supplying each partner with the technology, international branding and payment system needed to operate its own national e-commerce platform.

The network supports both consumer purchases within each country, and business exports to international markets. By connecting locally operated platforms through a shared international network, Tradplat aims to give Ethiopian consumers access to products and local businesses access to buyers across the Global South.

Capital: What problems does Tradplat solve in Ethiopia?

Del Harvey: Tradplat aims to address two important challenges in Ethiopia: high consumer prices and the difficulty local businesses face in finding new export markets.

Ethiopian consumers often face high prices, limited product availability and little choice, particularly outside major cities, when compared to western nations. Tradplat aims to improve access to a wider range of goods through online shopping, including for people living in remote towns and villages. We are committed to offering products between 15% and 25% cheaper than comparable local shop prices. This includes cellphones, beauty products, shoes and clothing, home electronics and electric vehicles.

For Ethiopian businesses, manufacturers, farm cooperatives and traders, finding international buyers and entering new export markets can be difficult. Tradplat provides access to a network of global buyers, creating opportunities to showcase their products and reach customers across participating Global South countries. Any product listed by an Ethiopian business will be seen by buyers across the global network of Tradplat country partners, helping local businesses find potential customers beyond Ethiopia.

Our aim is to give Ethiopian consumers more choice at lower prices, while helping Ethiopian businesses find new customers and expand their reach internationally.

Capital: Why is Tradplat non-US-dollar and restricted to Global South countries?

Del Harvey: Tradplat was created to help Global South countries build stronger trading relationships with one another, and reduce their dependence on an international financial system that can easily be affected by geopolitical decisions.

Economic sanctions are a powerful instrument of western foreign policy, and their effects often extend far beyond the governments they intend to punish, leaving catastrophic results for ordinary people and businesses. Around 18 countries are commonly referenced as being under economic sanctions, with all affected countries being from the Global South. This raises an important question, ‘what happens if a government on the other side of the world decides to restrict Ethiopia or another Global South country’s access to US-dollar payments and international banking?’

Such restrictions could have devastating consequences for local businesses, jobs and the ability to import essential goods, including food and healthcare products. Businesses and governments must therefore prepare for potential geopolitical and economic shocks rather than assume existing trading arrangements will always remain available.

Tradplat’s response is to build an international trading network connecting businesses across Global South countries, with payment arrangements designed to reduce reliance on the US dollar and traditional SWIFT-based systems.

By connecting Ethiopian businesses with buyers throughout this network, Tradplat aims to help them establish a dependable international customer base that is less vulnerable to disruption in any single trading or payment system. In the event of unilateral sanctions against any Global South country, Tradplat could also provide an important alternative channel for continued legal international trade.

Our objective is to give Global South businesses greater control over their commercial future, strengthen trade between participating countries and provide additional resilience against unexpected geopolitical shocks. We are not seeking to isolate these countries from the world, but to ensure that they have alternative methods to trade, when established channels are removed.

Capital: Why have you chosen Ethiopia as your first partner?

Del Harvey: Tradplat represents a new approach to international trade, created specifically for the benefit of Global South consumers and businesses. We believe this is the first e-commerce franchise network designed exclusively to connect Global South markets through locally operated national platforms.

When deciding where to begin this ambitious project, Ethiopia was a natural choice. It has a unique place in African history, a significant regional role and a strong symbolic connection to independence and self-determination. Ethiopia is widely recognised for never having been subjected to sustained colonial rule, making it a particularly meaningful starting point for a platform designed to give Global South businesses greater control over their own commercial future.

Tradplat is a Global South-only, non-US-dollar trading network that seeks to reduce dependence on traditional international trading and payment arrangements. Our decision to start in Ethiopia reflects the country’s historical significance and our ambition to build a new model of international commerce from within the Global South, rather than simply extend an existing Western-centred model into new markets.

We also see Ethiopia as an important base from which to develop the wider African network. We want Ethiopian businesses to benefit from the platform while helping establish connections with customers and commercial partners across other participating countries.

Many years from now, we hope that Ethiopia will be remembered as the country where this international network began, alongside the name of the first Ethiopian Tradplat franchise partner who helped turn the vision into a reality.

Capital: When will you launch, which products and locations will you cover initially?

Del Harvey: Our first priority is to first secure the Tradplat Ethiopia franchise partner. Within a few weeks, we plan to begin onboarding Ethiopia and additional country partners simultaneously for the international launch in March/April 2027.

The launch will include partners from other African and Asian countries. I am already speaking with potential partners from countries who have expressed an interest in joining Tradplat. We intend to invite them to become part of the network after securing our Ethiopian partner.

We plan to launch the Ethiopian marketplace with an initial list of approximately 1,500 products, covering a range similar to what consumers might find on Amazon, alongside products relevant to the needs of Ethiopian consumers and businesses. The initial catalogue will include electric generators, clothing and shoes, smartphones, laptops, televisions, electric cars and a broad selection of everyday consumer and business goods.

Our initial focus for Ethiopia will be Addis Ababa consumer sales and business exports, with the objective of expanding access across all Ethiopia.

Capital: How does the partnership work and how does the partner generate revenue?

Del Harvey: Tradplat does not operate an e-commerce business in Ethiopia and will not have its own office here. Instead, an independent Ethiopian Partner will own and operate the Tradplat franchise business throughout the country. Tradplat does not take shares in the partner’s company; the partner operates its own independent business under the Tradplat branded franchise model.

The partner pays a one-time franchise fee in return for a 10-year renewable licence. This licence fee covers the on-boarding process for the partners team, including technology setup, training and support over an initial period of three to six months. Once on-boarding is complete, the partner launches and operates its own national e-commerce and trade platform.

The partner generates revenue from transactions across Ethiopia, earning from consumer purchases made through the platform, and business export transactions facilitated through it. Additional revenue streams include platform advertising banners and property listings.

Tradplat supplies the software technology, international branding and payment system, while the Ethiopian partner builds and manages the local business. This allows an Ethiopian company to operate a national e-commerce and export-trade platform, without the trouble and expense of having to develop the underlying technology independently.

Capital: Will products be stocked in Ethiopia, or shipped after the customer places an order?

Del Harvey: Tradplat’s model does not require the Ethiopian franchise partner to stock products in a warehouse. Instead, products will be ordered from suppliers after a customer completes a purchase online, helping the partner avoid the cost and risk of holding large amounts of inventory.

This approach gives consumers access to a wider range of products, while allowing us to focus on competitive prices. International e-commerce research by the International Post Corporation shows that consumers are price-conscious, and if available, will increasingly seek competitively priced online goods over retail store prices.

The Ethiopian partner will be responsible for ensuring that imported products are cleared through customs and comply with Ethiopian regulations. Training and support for Ethiopia-specific customs procedures and compliance will be included in the partner’s 3 to 6 month on-boarding process.

Our objective is to give Ethiopian consumers access to competitively priced products without requiring the local franchise partner to invest heavily in inventory before demand is established.

Capital: Will Ethiopian customers see the real price and make payments in Birr?

Del Harvey: Yes. Ethiopian customers will see product prices in Ethiopian Birr, with shipping, taxes and import duties included in the total price before they place an order.

Payments will be made through Tradplat’s own EWallet. We plan to work with local e-wallet providers and banks to make topping up the wallet convenient for customers.

To comply with Ethiopian regulations, the local franchise partner will independently establish a partnership with an Ethiopian bank to manage the e-wallet arrangements. I have already held meetings with several Ethiopian banks that have expressed interest in cooperating with the future Tradplat Ethiopia partner.

Currency conversion and international remittances will be the responsibility of the Tradplat partner and its cooperating bank. Unlike years ago, there are now currently many alternatives to US-dollar and SWIFT-based transfers. This includes correspondent banks, CIPS, PAPSS, UPI, SPFS, MIR and China UnionPay, with new methods such as BRICS Pay coming on-stream soon. These methods are subject to availability, banking agreements and applicable regulations.

Tradplat gives Ethiopian businesses an international opportunity. Products listed by an Ethiopian business can be seen by buyers across the global network of Tradplat country partners, helping local manufacturers, farmers, cooperatives and traders reach potential customers in markets they wouldn’t normally have access to.

Our aim is to combine convenient local-currency shopping for Ethiopian consumers with wider international trading opportunities for Ethiopian businesses.

Capital: How will you verify sellers, product authenticity and quality, particularly for electronics?

Del Harvey: Each Tradplat country partner will be responsible for ensuring that sellers are properly assessed, and that products listed on their national platform meet the required standards for authenticity and quality. Training in seller verification, product selection, branding and quality control will form part of the partner on-boarding process.

In Ethiopia, customers will collect their purchases from designated collection points rather than having products delivered to their homes. At collection, the customer and Tradplat partner staff will open and inspect the goods together, checking for damage, functionality and suitability. Electronics can be tested, while clothing and shoes can be tried on to confirm fit.

If a product is damaged, does not function correctly or is unsuitable, the customer can reject it at the collection point for a full refund. This allows problems to be identified before the customer accepts the purchase, reducing the risk of returns and disputes for the franchise partner.

We believe this collection model offers Ethiopian consumers greater confidence when shopping online, particularly when purchasing electronics. Unlike with some international online purchases, where return procedures can be complicated, expensive or unavailable, Tradplat customers benefit from the ability to inspect and approve their goods before accepting them.

El Niño threatens food security despite wheat production gains

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Ethiopia’s efforts to expand wheat production and strengthen food security are facing a new challenge as El Niño-related weather risks threaten harvests and livelihoods, with humanitarian agencies warning that vulnerable communities need early support.

More than 163 woredas have been identified as vulnerable to El Niño, with 114 woredas, home to an estimated 9.3 million people, designated for anticipatory action by the Ethiopia Disaster Risk Management Commission.

Of these, 84 woredas in Afar, Amhara, Somali and Tigray regions have been classified as Priority Levels 1 and 2, based on the severity of risks and the need for assistance.

Speaking at the 2026 World Food Day celebration in Addis Ababa, held under the theme “Innovate Today, Nourish Tomorrow,” Zlatan Milišić, the World Food Programme’s (WFP) Representative and Country Director for Ethiopia, said the country had experienced dry conditions for several months, raising concerns about agricultural production.

“Generally, a poor harvest is expected, certainly a worse harvest than over the last several years,” Milišić said.

He said the WFP was working with the Ethiopian government and other partners to prepare for and respond to the potential effects of El Niño. These efforts include early-warning messages, financial assistance to help communities prepare, and support for areas facing humanitarian needs.

According to Milišić, the impact is particularly visible in Amhara, Tigray and Afar, where the government and its partners are focusing their response.

The WFP is supporting up to two million people in Ethiopia, depending on seasonal needs, while also investing in resilience measures designed to help communities withstand future shocks.

The warnings come as Ethiopia seeks to build on gains in agricultural production and reduce its vulnerability to food shortages.

Figures indicate that the area under wheat cultivation increased from 20,000 hectares in 2020 to 3.78 million hectares in 2025/26, while reported annual production reached 318.4 million quintals.

These figures reflect the scale of the country’s agricultural ambitions. However, increased production alone may not protect farmers and pastoralists from weather-related disruptions.

The effects of drought or irregular rainfall can extend beyond crop yields to household incomes, livestock, food availability and access to markets.

Dr. Workicho Jateno, Assistant FAO Representative for Programmes in Ethiopia, said climate change, land degradation, water scarcity, biodiversity loss, economic volatility, conflict and displacement were placing interconnected pressures on the country’s agri-food system.

He called for stronger use of scientific evidence, digital technology, traditional knowledge and locally developed solutions to improve agricultural resilience.

“Better risk information must lead to timely action that protects lives and livelihoods,” Jateno said, stressing the importance of linking early-warning systems with financing and preparedness measures.

He also highlighted opportunities to strengthen climate services, irrigation, improved seeds, sustainable soil management and agricultural planning.

However, he said technology alone would not transform food systems without accessible services, capable institutions, skilled workers and adequate financing.

The Ministry of Agriculture is also relying on social-protection and livelihood programmes to help vulnerable households withstand food-security shocks.

Sentayehu Demissie, Head of the Ministry’s Food Security Coordination Office, told Capital that the Rural Productive Safety Net Programme was supporting eight million people vulnerable to poverty and various hazards across 10 regions and one city administration.

She said the programme was designed not only to address the effects of El Niño but also to tackle broader food-security challenges by helping households improve productivity and move towards self-reliance.

Activities include support for land development, vocational training, income-generating activities, savings and agricultural production.

According to figures provided by the ministry, more than 862,000 beneficiaries received comprehensive training through the Family Livelihood Improvement Programme, with women accounting for 48 per cent of participants.

More than 857,000 beneficiaries accumulated savings totalling 1.2 billion birr, while 862,252 received one-time cash assistance.

The programme also supplied water-harvesting technologies to beneficiaries, including water pumps, and distributed urea fertiliser to support agricultural production.

The ministry reported that these interventions enabled the production of 720,000 quintals of crops, vegetables and fruits.

Sentayehu said the programme’s broader objective was to link immediate assistance with longer-term livelihood development, helping households move beyond subsistence activities towards more productive and sustainable sources of income.

Dr. Mandefro Nigussie, Chief Executive Officer of the Agricultural Transformation Institute, said Ethiopia was investing in irrigation, mechanisation, improved agricultural markets and more resilient rural economies.

He stressed that agricultural transformation requires better coordination across production, processing, distribution and consumption, alongside investment in climate-smart practices and digital agriculture.

As the country responds to disasters such as El Niño, the effectiveness of these measures will depend on how quickly support reaches vulnerable communities and whether longer-term investments can protect farmers and pastoralists against future shocks.

Keep the fight against Polio alive

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World Polio Day is a moment to celebrate one of the greatest achievements in public health: the dramatic reduction of a disease that once paralysed hundreds of thousands of children every year. It is also a reminder that the fight against polio is not over.

For Ethiopia, the day carries particular significance. The country was certified free of wild poliovirus in 2017, following the interruption of indigenous wild poliovirus transmission and the last reported imported case in 2014. These achievements reflect decades of commitment by the government, health workers, communities and international partners.

But certification is not the end of the story. It is the beginning of a long-term responsibility to keep Ethiopia polio-free.

Polio is dangerous precisely because it can spread without being noticed. Most people infected with poliovirus do not develop paralysis. Many show no symptoms at all, yet they can still shed the virus and infect others.

This means that the absence of reported cases does not necessarily mean the virus has disappeared. Poliovirus can circulate silently in communities, especially where immunisation coverage is low, surveillance is weak or populations are difficult to reach.

Vaccination remains the most important tool for protecting children. But vaccination alone is not enough. Strong surveillance is needed to detect the virus before it spreads, identify gaps in immunity and guide rapid responses.

The global polio eradication effort relies on three key systems: acute flaccid paralysis (AFP) surveillance, environmental surveillance and laboratory testing.

AFP surveillance helps health workers identify and investigate sudden paralysis in children under 15. Prompt investigation and the collection of adequate stool specimens allow laboratories to determine whether poliovirus is responsible.

Environmental surveillance adds another layer of protection. By testing wastewater, health authorities can detect poliovirus shed by infected people, including those without symptoms. This can reveal transmission even when no paralytic cases have been reported.

Laboratory testing and genetic sequencing then help identify the virus, trace its origin and understand how it is spreading. This information allows health authorities to target vaccination campaigns and respond quickly.

For Ethiopia, surveillance must reach every community: children in remote rural areas, mobile and pastoralist populations, underserved urban communities and border regions. No child or community should be beyond the reach of the system designed to detect and stop poliovirus.

Ethiopia’s polio-free status is a major public health achievement, but it must not create complacency.

As cases become rarer, there is a risk that funding, staffing and attention to surveillance may decline. That would be a serious mistake. The final stages of eradication are often the most difficult, because the remaining chains of transmission can be hard to detect.

The world also remains interconnected. As long as poliovirus circulates anywhere, every country must be prepared to detect imported viruses and emerging variant polioviruses before they establish transmission.

Ethiopia’s progress must therefore be protected through sustained political commitment, adequate financing, trained health workers, functioning laboratories and effective coordination between national institutions and global partners.

The value of polio surveillance extends beyond one disease. The laboratories, trained personnel, specimen transport networks, reporting systems and data platforms built through the polio programme can also strengthen Ethiopia’s ability to detect and respond to other health threats, including measles, cholera, Ebola and COVID-19.

Preserving these systems is an investment in the country’s broader health security. As new and re-emerging diseases continue to threaten communities, strong surveillance helps countries identify risks early, respond quickly and limit the impact of outbreaks.

The goal should therefore be twofold: eradicate polio and preserve the public health infrastructure developed in pursuit of that goal.

Polio eradication is not the responsibility of the Ministry of Health alone. It requires cooperation among government institutions, the World Health Organization, UNICEF, Rotary International, the Global Polio Eradication Initiative, health workers, parents and communities.

Health workers must be able to identify and report suspected cases. Parents must ensure their children receive all recommended vaccine doses. Communities must understand the importance of reporting sudden paralysis and cooperating with public health teams.

On this World Polio Day, Ethiopia should renew its commitment to vaccination, surveillance and partnership. The country’s polio-free status is a hard-won achievement, but it will remain secure only through continued vigilance.

The final case of polio will not, by itself, prove that the world is polio-free. That achievement will depend on strong surveillance, rapid response and the determination to ensure the virus never returns.

Ethiopia has come a long way. Now is not the time to look away.