Ethiopia: Visa Affirms Commitment to Digitise Payments in Ethiopia During Inaugural Visa Payments Forum

Visa Inc, the leading global payments technology company, has affirmed its commitment to expanding digital payments in Ethiopia by working closely with the financial ecosystem to bring the benefits of digital commerce and money movement to consumers, merchants, financial institutions and government partners.

Marking a one-year anniversary since opening its Addis Ababa office, the company announced a series of partnerships during its inaugural Ethiopian Visa Payments Forum. The event brought together key stakeholders from the digital payments industry to explore opportunities to further advance Ethiopia’s growing payments ecosystem.

Over the past year, Visa has been building and strengthening partnerships and agreements that will accelerate digital payments, including:

– An agreement with Ethiopian Airlines to launch a co-branded card to ShebaMiles members across the Continent.

– An agreement and introduction with Bank of Abyssinia and Dashen Bank/Moneta (Amole) Technologies focused on supporting eCommerce growth and enabling wider acceptance of digital payments.

– A partnership with leading fintech Kifiya Financial Technology, providing local digital payments across mobile and online payments.

– Partnership with BelCash Technologies that will support the development of cross-border payment solutions for the East-African financial institutions and helping grow eCommerce to unlock the country’s digital potential.

– Licensing partnership with Cooperative bank & Oromia International Bank.