Currently, employing state-of-art banking technology, the Bank provides excellent domestic, international, and special banking services to its esteemed and valuable customers. It also strives to serve all economic and services sectors via its ever-increasing branch networks throughout the country.

The lender stated that Temenos Infinity will allow it to offer reliable and easy-to-use mobile banking services while reducing customer acquisition time and increasing digital revenue by leveraging data analytics.


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Through this collaboration, all M-PESA customers in Ethiopia will be able to deposit and withdraw cash at all Abay Bank branches. Customers of Abay Bank will enjoy the convenience of keeping track of their finances via Abay Bank's mobile banking through USSD (*811#) and mobile app using their Safaricom 07 line to transfer money from their Abay bank account to their M-PESA wallet and vice versa, pay bills, check account balances, purchase airtime, and access other mobile banking services from the bank.

"Digitalization being one of our strategic pillar to deliver our services 24/7 with the most effective and efficient way, I am delighted to sign this partnership with Safaricom M-PESA. This collaboration shows our commitment to bring new services to our customers. With this partnership, we aim to bridge the gap between traditional banking and the digital age, empowering our customers with seamless access to financial services anytime, anywhere. By investing more on our digital banking system and leveraging our joint expertise, we will continue to innovate and enhance the way people manage their finances, making banking more convenient, secure, and inclusive. Together, we will redefine the future of financial services, ushering in a new era of digital banking that empowers individuals and transforms communities." said Yehuala Gessesse, CEO of Abay Bank.

The APP, named BOA 2FA (Two Factor Authentication), is used for authentication, transaction authorization, and digital signature, which enable users to login to their account and perform secure digital banking transactions. During the same period, it has also inaugurated virtual banking system, which is said to be the first of its kind. ff782bc1db

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