ለመላዉ እስልምና ዕምነት ተከታዮች እንኳን ለመዉሊድ በዓል በሰላም አደረሳችሁ!
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EthSwitch Honors Former Board and Welcomes Newly Elected Members In a special program organized by EthSwitch on September 12, 2024, at the Hilton Addis, EthSwitch expressed its gratitude to the outgoing Board of Directors and welcomed the newly elected members. EthSwitch acknowledged the dedication and service of Mr. Solomon Desta, Chairman of the Board, Mr. Melaku Kebede, Vice Chairman, and all other board members for their invaluable contributions to the institution. As one of the founders of EthSwitch, Ato Melaku has made a significant contribution to Ethiopia’s financial infrastructure, and as Vice Chairman of the EthSwitch Board, he has guided the institution through key developments. The majority of the board members have been re-elected during the shareholders' meeting. EthSwitch’s elected Board of Directors are: 1. National Bank of Ethiopia (Mr. Solomon Desta) 2. ZamZam Bank S.C. (Mrs. Melika Bedri) 3. Oromia Bank S.C. (Mr. Teferi Mekonnen) 4. Dashen Bank S.C. (Mr. Asfaw Alemu) 5. Zemen Bank S.C. (Mr. Dereje Zebene) 6. Hibret Bank S.C. 7. Abay Bank S.C. (Mr. Yehuala Gessesse) 8. Commercial Bank of Ethiopia (Mr. Abie Sano) 9. Global Bank Ethiopia (Dr Tesfaye Boru) 10. Amhara Bank S.C. 11. Shebelle Bank S.C. (Mr. Khader Ahmed) 12. Tsehay Bank S.C. (Mr. Yared Mesfin) Mr. Solomon Desta has been elected as the Chairperson of the newly formed Board of Directors, with Mrs. Melika Bedri serving as the Vice Chairperson. National Bank of Ethiopia Hibret Bank Zemen Bank S.C. Oromia Bank Dashen Bank Global Bank Ethiopia Abay Bank S.C. Amhara Bank Commercial Bank of Ethiopia
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Seeking a talented person for our Graphics Design Officer open positions. Passionate about efficiency and top-tier service? Join us to lead and innovate in a renowned corporate environment. Apply now using the link below https://lnkd.in/eNJKznJs
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Seeking a talented person for our Senior General Service Officer and Manager, General Service Division open positions. Passionate about efficiency and top-tier service? Join us to lead and innovate in a renowned corporate environment. Apply now using the link below https://lnkd.in/eifK9XcD https://lnkd.in/eJrxvsPY
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Successful POS Integration of YagoutPay with EthSwitch, Announced at Press Conference On September 6, 2024, a press conference was held at the Sheraton Hotel to announce the successful POS Integration of YagoutPay and EthSwitch system. EthSwitch’s Chief Operations Officer Ato Nebiyu Mengistu underscored the organization’s mandate to foster interoperability among financial institutions, implement a domestic payment scheme, provide a National Payment Gateway, serve as a central hub for clearing and settlement, and offer shared infrastructure services. He emphasized that the success of YagoutPay's integration is a significant step towards implementing interoperable POS service. Despite the current limitations of POS transactions in Ethiopia, the interoperable POS transactions in 2023/24 reached a volume of 2.1 million, with a total value not exceeding Br. 5 billion. Ato Nebiyu highlighted the vast potential in untapped markets and noted that YagoutPay’s role in this effort is crucial, allowing any payment card to be used on its POS machines, thus expanding financial access across the country. Mr. Khalid Mahmud Chairperson of YagoutPay, shared the company’s journey, starting with the issuance of payment operator licenses by the National Bank of Ethiopia. This collaboration between EthSwitch and YagoutPay is set to enhance interoperable POS payment penetration across the country. YagoutPay's advanced terminal management system and fully automated settlement process are anticipated to improve accessibility for merchants and end users, further driving the growth of Ethiopia’s digital economy. He expressed his gratitude to all stakeholders, including the National Bank of Ethiopia, EthSwitch’s management, and the YagoutPay team, for their invaluable contributions to this achievement.
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