Awash Bank has become the first Bank in Ethiopia to issue credit cards. The news which was released today at SkyLight Hotel will see Ethiopia’s biggest private Bank extend a line of credit for its 9 million customers.

Speaking at the ceremony, the CEO of the bank, Tsehay Shiferaw, noted that Awash Bank is working to make its service delivery accessible, and comfortable.

As opposed to debit cards, payment card that makes payments by deducting money directly from a consumer’s checking account, a credit card is a card issued by a financial institution, typically a bank, and it enables the cardholder to borrow funds from that institution. Cardholders agree to pay the money back with 

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