Abyssinia Bank is advancing through utilizing cutting-edge banking technology!
Ethiopia has around 18 banks (Read here). And each bank in Ethiopia is putting in a lot of effort to compete with one another and demonstrate their excellence in banking services.
Bank of Abyssinia is one of them and it is the oldest bank compared to many of them, and as an Ethiopian bank, since the country itself is in the development stage, Abyssinia Bank is on the cutting edge of banking technology to fulfill what is required as a local and international banking service provider.
Abyssinia Bank – eCcommerce Payment Solution
Recently, Bank of Abyssinia has introduced an online payment gateway service for registered Ethiopian merchants.
And this online payment gateway service was launched by cooperating with VISA, an American multinational financial services corporation headquartered in Foster City, California, United States.
Visa facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards (Read more about VISA here).
As stated on the Bank of Abyssinia official website, it reads;
Abyssinia Bank’s eCommerce payment gateway solution enables Ethiopian merchants to sell their products while also allowing buyers from all over the world to buy Ethiopian products and services. Buyers can pay with any legal credit or debit card issued by Visa, Master Card, or another payment processing company.
The payment solution can be integrated and set up on a merchant’s website. The process is very easy and only requires knowledge of how to manage a website. Bank of Abyssinia also has a developer staff that can assist merchants with the integration and configuration of the payment gateway on their website.
Abyssinia Bank – Working With Other Companies
Because of its significant use of banking technologies, Bank of Abyssinia has attracted the interest of other companies. Currently, the Bank is serving and working with a wide range of companies.
Abyssinia Bank – Online US Visa Service
Bank of Abyssinia is well-known for providing US-Visa payment services through its branches and the BoA mobile banking app.
Recently, as published on June 14,2021 on their website, Bank of Abyssinia has Introduced the only Online US-Visa payment (MRV) service in Ethiopia.
And now, Bank of Abyssinia has launched an additional payment option to let people pay the US EMBASSY Non-Immigrant Visa Fee online. The payment option can be accessed here.
In foreign countries, it is typical to pay online for immigration fees. Because people are always looking for an easy and fast way to make their payments, and of course this will save their time.
Because people who are living outside of Africa rely on time. They do everything by a schedule.
And the most preferred way is to pay online. So Bank of Abyssinia has understood the customers’ needs and made the immigration service available online.
Abyssinia Bank – At a Glance
Abyssinia Bank is providing a typical service locally and internationally.
Local customers can create and use saving, current, fixed-time account, and more. Also Abyssinia Bank is providing international banking services, such as; foreign currency deposit accounts, trade services, and money transfers. Abyssinia Bank is also working with correspondent banks worldwide.
Abyssinia Bank has a loan service for corporate and commercials as well as a mortgage loan for individuals, and also giving a bank guarantee service.
Abyssinia Bank is delivering its service with many ways, such as; with Agent banking, card banking, mobile banking, virtual banking, online banking, and ATM.
Recently, as published on the Abyssinia Bank official Linkedin Page, the Bank of Abyssinia has announced a new service.
The service allows anyone with a mobile phone and a secret code to withdraw money from the new Abyssinia virtual banking machines.
This is useful for people who forget to put their ATM card in their pocket, as well as for people who want to pay for other individuals.
This article was first published on HABTAM.
We are sorry that this article was not useful for you!
Let us improve this article!
Tell us how we can improve this article?