Ethiopian, Abay Join up for E-Payments

January 5 , 2020


Ethiopian, Abay Join up for E-Payments

Abay Bank and Ethiopian Airlines Group have signed an agreement to expand air ticket payment options through the Airline's mobile application. The agreement enables customers to have the option of paying via Abay Bank when they buy their tickets online using their phones. The payment option was first launched on December 13, 2019, advancing the airline's digital service offerings further. After the launch, the airline was able to sell one million Br worth of tickets through the Bank. The Airline's mobile app offers six international and 13 local payment systems, and it is available in three languages: Amharic, Afan Oromo and Tigrinya. Ethiopian has similar agreements with United, Dashen, Commercial Bank of Ethiopia and Awash banks. The nine-year-old Abay Bank had a paid-up capital of 1.7 billion Br in the last fiscal year with the number of its shareholders reaching 4,158. The Bank's mobile banking service has already reached 250,000 customers.


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