Visa has announced the signing of a new agreement with Bank of Abyssinia in Ethiopia. Bank of Abyssinia plans to leverage this partnership and invest in premium financial products and also strengthen its digital banking services. The bank will also expand payment acceptance and improve cross-border transaction capabilities.
“Ethiopia is an important and rapidly evolving market, and Visa remains committed to working closely with leading financial institutions to support the growth of the digital payments ecosystem,” said Yared Endale, Cluster Head for Eastern Africa at Visa.
He added that the partnership aims to enable safer, faster and more convenient payment options while driving financial innovation and inclusion.
“This agreement marks an important milestone in our journey to enhance digital banking services for our customers,” said Sosina Mengesha, Chief Digital Banking Officer at Bank of Abyssinia.
She noted that deeper collaboration with Visa will help the bank deliver secure and reliable payment solutions to individuals, merchants and businesses across the country.
For these and more stories, follow us on X (Formerly Twitter), Facebook, LinkedIn and Telegram. You can also send us tips or reach out at info@techarena.co.ke.
Also Read: Absa Launches Visa Infinite Metal Card in Kenya with MPESA Integration