Bank of Abyssinia launches first interest-free virtual banking services in the banking industry.

Date:

Share post:

Bank of Abyssinia launches first interest-free virtual banking services in the banking industry.

During its five-year strategic plan, the Bank has taken a number of  steps, focusing on digital technology (Digitalization) with the aim of providing a more convenient and advanced banking service to its customers.

Accordingly, in the first phase of the strategic plan, was able to launch online banking services such as Mobile Banking, Internet Banking, Abyssinia Online, E-Commerce Payment Gateway, and make ATMs and POS devices more accessible to its customers.

On September 13, 2022 Abyssinia Bank launched its first virtual banking center in the banking industry. This Virtual Banking Service Center provides complete banking services with the help of bank’s customer advisors. Interactive Teller Machine is a 24-hour, 7-hour, 7-day-a-week service.

Some of the services that customers will receive at this secure Virtual Center are:
– Account opening:
– Deposit or spend money;
– Checking and depositing checks;
– Domestic hawala;
– Money transfer and
– Access digital banking services such as Mobile Banking, Internet Banking, Card Banking and Mobile Money.

Bank of Abyssinia has launched an interest-free virtual banking service in the Kolfe Keranio sub-city of Addis Ababa on June 10, 2022 to make this service free of charge.

Addis Insight
Addis Insighthttps://addisinsight.net/
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.
spot_img

Related articles

Ethiopia’s Government Bans Two Prominent Human Rights Organizations

The Civil Society Organizations Authority (ACSO) confirmed on Wednesday that it has banned two organizations known for their...

ADvTECH Expands into Ethiopia with $7.5 Million Acquisition of Flipper International School

In a significant move to expand its presence across Africa, JSE-listed private education provider ADvTECH Group has announced...

Safaricom Confirms No Coverage for Western Parts of Ethiopia in Next Phase of Expansion

During a visit by the House of People’s Representatives to its headquarters, Safaricom Ethiopia announced its next phase...

Commercial Bank of Ethiopia Moves to Establish an Investment Bank

The Commercial Bank of Ethiopia (CBE) is in the process of establishing an investment bank, a move aligned...