Bank of Abyssinia launches first interest-free virtual banking services in the banking industry.











Bank of Abyssinia launches first interest-free virtual banking services in the banking industry.

During its five-year strategic plan, the Bank has taken a number of  steps, focusing on digital technology (Digitalization) with the aim of providing a more convenient and advanced banking service to its customers.

Accordingly, in the first phase of the strategic plan, was able to launch online banking services such as Mobile Banking, Internet Banking, Abyssinia Online, E-Commerce Payment Gateway, and make ATMs and POS devices more accessible to its customers.

On September 13, 2022 Abyssinia Bank launched its first virtual banking center in the banking industry. This Virtual Banking Service Center provides complete banking services with the help of bank’s customer advisors. Interactive Teller Machine is a 24-hour, 7-hour, 7-day-a-week service.

Some of the services that customers will receive at this secure Virtual Center are:

– Account opening:

– Deposit or spend money;

– Checking and depositing checks;

– Domestic hawala;

– Money transfer and

– Access digital banking services such as Mobile Banking, Internet Banking, Card Banking and Mobile Money.

Bank of Abyssinia has launched an interest-free virtual banking service in the Kolfe Keranio sub-city of Addis Ababa on June 10, 2022 to make this service free of charge.



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Bank of Abyssinia