This partnership also makes BoA the first bank in Ethiopia to drive ecommerce acquiring thus enabling businesses to accept online payments using credit cards. The ecommerce acquiring business has lagged in Ethiopia despite a huge potential in the hospitality, ride-hailing services, and manufacturing, among others, says EABW News.
This new service will enable emerging ecommerce businesses to accept payments online thereby expanding e-commerce acceptance in Ethiopia. With the Visa CyberSource payment gateway, businesses will accept online payments seamlessly. For consumers, tourists and visitors coming to Ethiopia will have access to a secured payment service.
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