Dashen Bank and EagleLion System Technology have teamed up to launch “Dube Ale,” a new Buy-Now Pay Later scheme that allows users to purchase goods and services on credit.

Dube Ale which is a digital twist to Ethiopia’s traditional deferred payment scheme, known as “dube, was inaugurated at the Sheraton Addis Hotel in the capital.

With the option to pay back in increments of three months, six months, or a year, Dashen Bank believes that the scheme will boost economic activity by giving consumers the ability to buy products and services they need without having to pay upfront.

To use the service, customers can download the Dube Ale application from the Play Store or App Store,…

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