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Addis International Bank joined Premier Switch Solutions, a payment processing operator allowing a joint use of ATMs and point of sale devices by its member banks, Fortune reported.

Addis acquired shares in Premier Switch Solutions worth 4.8 million birr last month and is waiting the launch of its CORE banking system to access the services of Premier Switch Solutions.

Ethiopian Postal Services Enterprise and DHL Ethiopia signed a Memorandum of Understanding to jointly use delivery networks, Fortune reported.

The MoU was singed at Capital Hotel & Spa on October 9, 2013. Essete Gabriel, country manger of DHL Ethiopia and Gidey Gebretohannes of Ethiopian Postal Services signed the agreement.

The National Bank of Ethiopia issued an amended directive raising the maximum amount of foreign exchange cash overseas travelers can obtain from authorized foreign exchange dealers, Fortune reported.

The amended foreign exchange directive become become effective as of as of October 4, 2013.

The Western Union® Company (NYSE:WU), a leader in money transfer and global payment services, is hosting the first ever network convention for its Agents in Ethiopia to be held at the United Nations Economic Commission for Africa Conference Centeron Saturday, October 12, 2013.

The convention will see over 340 participants from across Ethiopia attending the event, from senior level to front desk officers, coming together to share Western Union operational and security best practices. Some of the major points to be highlighted include customer service excellence in Ethiopia, raising awareness on compliance related best practices and excellence across service areas. The convention will facilitate systems and process education for Western Union agents in Ethiopia. This in-turn will provide consumers with even more improved and efficient service.