Bank of Abyssinia (BoA) and Visa have announced a strategic partnership to drive e-commerce acquiring through visa CyberSource payment gateway.
The platform enables businesses to accept online payments using credit cards which leapfrogs the current and lagging e-commerce practice in Ethiopia to a new efficient and secured e-commerce reality.
With the Visa CyberSource payment gateway, businesses are able to accept online payments seamlessly, in effect bringing a new dawn to the e-commerce acquiring business in Ethiopia with a huge potential in the hospitality, ride-hailing services, and manufacturing, among others.
From this historic strategic partnership, consumers, tourists, and visitors coming to Ethiopia will have access to a secured online payment service. Furthermore, the diaspora community can shop for their families and friends living in Ethiopia. All this will be carried out in a secure and risk-free online environment.
