Hibert Bank and ZamZam Bank signed a Memorandum of Understanding at Hibert Bank’s Head Office to strengthen strategic partnership between the two banks.
Add a comment Add a commentDuring the last nine months of the Ethiopian Fiscal Year, 
Ethiopia has witnessed a significant increase in digital payments, with transactions exceeding Birr 1.2 trillion, according to Fitsum Aseffa, the Minister of Planning and Development. The amount transferred through digital payment in nine months has increased by 169 percent compared to the previous fiscal year.
The National Bank of Ethiopia (NBE) issued a mobile money service license to Safaricom M-Pesa Mobile Financial Service PLC, a subsidiary of Safaricom Telecommunication Ethiopia PLC, making the company the first foreign investor to be granted the license in Ethiopia.
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The Commercial Bank of Ethiopia (CBE), the Ministry of Transport and Logistics, and National Oil Ethiopia jointly announced the launch of two digital applications, CBE Birr and Fuel Up, that facilitate the payment of fuel transactions with the aim of modernizing the fuel payment system.
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The Commercial Bank of Ethiopia (CBE) launched an international remittance service phone application called CashGo in collaboration with Golden Coffee Roastery PLC. The app will allow customers of CBE to remit money from countries such as Canada, Israel, America, Italy, South Africa, Sweden, UAE, England, and Saudi Arabia using their mobile phones via MasterCard and Visa Card.
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