Premier Switch Solutions (PSS) is currently negotiating with more than ten commercial Banks to provide its services beyond its shareholders. The company has extended its strategic partnership with the Moroccan company Société Maghrébine de Monétique (S2M) Worldwide, effective for the next three years, at a ceremony held at Hyatt Regency on Africa Avenue. The partnership, now in its 12th year, aims to drive innovation in the financial services industry by providing innovative digital payment solutions tailored to the specific needs of the Ethiopian market. Amha Tadesse, Group CEO of PSS, stated that "for the past 15 years, PSS has been pivotal for our member banks and the country's digital finance, driven by our vision of 'driving digital solutions for all.'" PSS is a third-party banking technology services provider which initially started with three banks—Awash, Nib, and Hibret banks—in 2009. It later added three more members, namely Addis International Bank, Cooperative Bank of Oromia, and Berhan Bank. It is the first third-party payment processor to be certified by the National Bank of Ethiopia.
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