Abay Bank, Safaricom M-PESA Sign Partnership Agreement

Abay Bank, Safaricom M-PESA Sign Partnership Agreement

Abay Bank S.C. and Safaricm M-PESA signed partnership agreement for supper agency, retail agency and mobile banking services.

Yehuala Gesesse, Chief Executive Officer of Abay Bank, and Paul Kavavu, General Manager of Safaricom M-PESA, have signed the agreement at Headquarters of the Bank today.

On the occasion, Yehuala noted that he is delighted to sign partnership with Safaricom M-PESA and he added that the collaboration shows our commitment to bring new services to our customers. With this partnership, he continued, we aim to bridge the gap between traditional banking and the digital age, empowering our customers with seamless access to financial services anytime, anywhere.

He further noted that this collaboration enables all M-PESA customers in Ethiopia to be able to deposit and withdraw cash at all Abay Bank branches. In addition, customers of Abay Bank will enjoy the convenience of keeping track of their finances via Abay Bank’s mobile banking through USSD (*812#) 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. 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 transform communities, Yehuala added.

Mr. Paul Kavavu added on his part that as we continue to explore strategic partnerships, we are keen to collaborate with Abay Bank to provide digital payment solutions to our customers, allowing them to do more with their Safaricom line.

We are excited to collaborate with Abay Bank to enable our customers to deposit and withdraw cash at any of the bank’s branches and use the Bank’s digital channels to transfer money in to their wallet and vice versa, he underlined.

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