There are various restrictions in banking & payment system laws affecting the use of electronic payment. For instance, Article 8 of Directive No. ONPS/01/2020 limits the maximum amount of money (electronic fund) that can be deposited or transacted via electronic accounts per day or month. Articles 2(19) & 7(1) also state that electronic accounts and payment instruments shall only be denominated in local currency (ETB). With regards to international transfer of funds, payments Instrument Issuers are only allowed to provide inward international remittances. They cannot send money outside Ethiopia as they are only allowed to transact in ETB (Art 6). Similar restrictions exist in the Mobile & Agent banking Directive as provided under Source 2.