Visa, a global leader in digital payments, has signed a new agreement with Bank of Abyssinia, reinforcing their long‑standing collaboration and shared commitment to expanding secure, inclusive, and innovative digital payment solutions across Ethiopia.
The agreement will support the continued growth of Visa products issued by Bank of Abyssinia, while enabling the bank to enhance customer experiences through advanced digital payment capabilities. The collaboration underscores both organizations’ focus on driving financial inclusion, supporting the country’s digital transformation agenda, and expanding access to electronic payments for individuals and businesses.
Through this agreement, Bank of Abyssinia will continue to invest in the development of premium products and strengthen its digital banking offering, while leveraging Visa’s global payment network, technology, and expertise. The collaboration also supports the expansion of secure payment acceptance and cross‑border payment capabilities, helping Ethiopian consumers and merchants participate more fully in the global digital economy.
“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, Eastern Africa at Visa. “Our continued relationship with Bank of Abyssinia reflects a shared vision to enable safer, faster and more convenient payments, while supporting innovation and financial inclusion.”
Mrs. Sosina Mengesha, Chief Digital Banking Officer at Bank of Abyssinia said: “This agreement marks an important milestone in our journey to enhance digital banking services for our customers. By deepening our engagement with Visa, we are strengthening our ability to offer reliable, secure and innovative payment solutions that meet the evolving needs of individuals, businesses and merchants across Ethiopia.”
The collaboration aligns with broader efforts to modernize payment systems, promote cashless transactions, and support economic growth by enabling seamless digital commerce. Visa and Bank of Abyssinia will continue to work together to introduce new capabilities, strengthen payment infrastructure, and support the growth of Ethiopia’s digital economy.
