Awash Bank Partners with Mastercard to Launch Prepaid Card and Payment Gateway in Ethiopia
- Awash Bank has partnered with Mastercard to introduce Awash prepaid cards in Ethiopia.
- The prepaid card allows for contactless transactions on ATMs and POS terminals, and a key feature is the ability to load funds at Forex bureaus.
- Awash Bank will roll out Mastercard's Payment Gateway Services, enabling local merchants to accept international online payments.
The partnership between Awash Bank and Mastercard to introduce prepaid cards and payment gateway services in Ethiopia is a significant development for the country's financial landscape. It enables customers and merchants to make and receive payments online globally, promotes financial inclusion, and opens up ecommerce opportunities for Ethiopian businesses. The collaboration positions Awash Bank as a leader in facilitating seamless transactions domestically and worldwide, contributing to Ethiopia's digital transformation and connection to global commerce.
