According to authorities, the policy will be implemented in a phased manner between now and December 31, 2026, in order to allow citizens who have not acquired the Fayda ID the opportunity to do so. The Fayda now has over 11 million registrations. Since January 1, the measure has been effective in the capital, Capital Market Ethiopia reports. The policy will be extended to bank branches in other major cities of the country from July 1, while a nationwide implementation is scheduled for January 1, 2026. All bank account holders are required to link their accounts with their Fayda ID by December 31, 2026.