Abay Bank’s new electro payment solution


Abay Bank has introduced a new electro payment solution called the Uni-cash system.
According to Abay Bank the system will enable customers to make all kinds of payments including school fees with digital technologies.
Integrated with the latest version of the core banking system the bank has launched the payment system by collaborating with a local technology group called Atlas computer.
Over the past couple of months, the government has been working on digitizing government services by introducing electronic transactions.
The ten years old Abay Bank assets have reached 22 billion birr with an overall capital of 3.3 billion birr and 17.6 billion birr in deposits. According to the bank, it has up to one million customers over the country. Abay also provides 12 different services of loan.