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Dashen Bank, Mastercard Launch Online Payment System

Sep 8 , 2024

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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.

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Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...

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Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...

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Gold Prices Ease After Recent Surge

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