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Addis Business Review – አዲሱ የቤት እና መኪና ብድር ከእናት ባንክ | ዝርዝር መረጃ – Ethiopia Bank Loan
Addis Daily News ንግድ ባንክ የዛሬ መግለጫ – Commercial Bank of Ethiopia | Addis Daily
The National Bank of Ethiopia to Explore the Potential of Central Bank Digital Currency
The National Bank of Ethiopia (NBE) has taken another step into the world of digital finance by announcing its exploration of Central Bank Digital Currency (CBDC).
The bank, in collaboration with Giesecke+Devrient (G&D), a German company that provides banknotes, securities printing, and smart cards, hosted a workshop on efficient currency management operations for the banking community yesterday, November 8, 2023.
“NBE will pursue a strategy of enhancing electronic payment system, modernizing current currency management system and exploring the potential of CBDC,” wrote the regulator on X, formerly Twitter.
CBDC is a form of digital currency issued by a country’s central bank. They are similar to cryptocurrencies, except that their value is fixed by the central bank and equivalent to the country’s fiat currency. Many countries are developing CBDCs, and some have even implemented them, with different levels of success.
Researchers state that CBDC …
Dashen Bank Join Forces with Mastercard to Launch Virtual Prepaid Card for Travelers
Dashen Bank has teamed up with Mastercard to launch the ‘Dashen Mastercard,’ a multi-currency international prepaid card designed for travelers.
The announcement was unveiled at a press conference today, offering both plastic and virtual options, providing customers with flexibility and convenience for their international transactions.
The Dashen Mastercard features a dual-interface plastic card, allowing customers to make both contact and contactless transactions at ATMs and POS machines. It also enables cash withdrawals from ATMs, payments on POS terminals, and offers users the freedom to make online purchases at any merchant website worldwide where Mastercard is accepted.
The Dashen Mastercard is reloadable, allowing users to load funds onto the card as needed at forex bureaus. The card also supports multiple currencies, enabling customers to have separate wal…