Dashen Bank, Mastercard Launch Online Payment System

Sep 8 , 2024


[ssba-buttons]

Dashen Bank, in partnership with Eagle-Lion System Technology and Mastercard, has introduced a new online payment service called "GetFee - Pay By Link". This service allows customers to make secure and convenient online payments using Mastercard, Visa, and American Express cards. According to executives, businesses can benefit from this service by streamlining their operations, reducing the need for technological investments, and avoiding commission fees. The service also enables businesses to directly receive foreign exchange payments. Dashen Bank's Chief Digital and Information Officer, Yohannes Million, pointed out that the service enables businesses to conduct transactions without the involvement of a third party and explained that it is a safe and secure payment option. He said customers receive payment request links via email or WhatsApp and can complete transactions.


Radar

Somali Region Advances Budget Independence as Revenues Rise

Somali Regional State is moving closer to fiscal independence, with nearly half its budget now funded locally. Officials point to rising agricultural output and stronger tax enforcement as key drivers behind growing revenues. The region plans to cover 32.5 billion Br from its own resources in the upcoming fiscal year. Communication Head Mohammed Abdi credited last year's tax collection of 18 billion Br, exceeding the 17 billion Br target, to agriculture, khat, and other taxable goods. The reg...


Radar

Environmental Protection Authority Shuts Down Polluters

Addis Abeba's Environmental Protection Authority (EPA) has taken enforcement action against 3,249 manufacturers and service providers found violating environmental standards in the 2024/25 fiscal year. The violations, ranging from air and noise pollution to improper waste disposal, were identified during inspections of 14,872 businesses citywide. Penalties included warnings and closures, with shutdown orders issued to six plastic factories, 23 block factories, a soft paper plant, 102 nightclu...


Radar

Ministry Mandates Full Electronic Clearance for Top Taxpayers

Taxpayers under the Ministry of Revenues' Medium No. 1 branch will have to ditch paper filings and switch entirely to the e-Clearance system for non-audited services starting August 1, 2025. The mandate, routed through the Ministry's e-filing portal, is pitched as part of a broader push to modernise tax administration and advance the government's digital agenda. Officials say the platform lets users process clearance requests remotely via the Fayda national ID, cutting out manual paperwork. A...