Premier Switch Solutions Targets Expanded Clientele


Premier Switch Solutions Targets Expanded Clientele

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.

[ssba-buttons]

Radar

Deposit Insurance Fund Grows to 15.1B Br, Signals Readiness for Crisis Response

Two years into its operations, the Ethiopian Deposit Insurance Fund (EDIF) has grown its asset base to 15.1B Br, reinforcing its role as a critical backstop for depositors and financial institutions alike. The Fund, established under a proclamation by the Council of Ministers, was designed to shield depositors in the event of bank or microfinance collapses. Since its inception, EDIF has focused on collecting premiums from member institutions, investing the funds, and building a system robust...


Radar

Rockefellers 100m Dollars Leap into Regenerative Lunches

As part of the UNFSS+4 High-Level Convening, a thematic session titled "Nourishing the Future through Regenerative School Meals" was held on July 26, 2025, at the Sheraton Addis on Taitu St. It brought together prominent figures including Ethiopia's former Prime Minister Hailemariam Desalegn, former First Lady Roman Tesfaye, and Kenya's First Lady Rachel Ruto. Organised by the Rockefeller Foundation, the event focused on overhauling child nutrition through regenerative agriculture. Sarah Farl...


Radar

Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...