The Commercial Bank of Ethiopia declared that it is undertaking significant projects to help society transition to the contemporary financial system. Kidane Mengesha, the Central Region Vice President of Ethiopian Commercial Bank, stated that the bank is undertaking extensive initiatives to introduce digital banking services and prepare society for contemporary payment systems on Saturday, May 19, 2015, when he officially launched the programme at Total Mall in Bulgaria.
According to Mr. Kidane, digital payment methods are used in about 63 percent of the bank’s financial transactions. According to him, the bank has roughly 18 million customers who use its digital banking services, and the fact that it offers a variety of digital banking choices would improve the efficiency of the fuel transaction. The programme, according to Kirkos District Director Shemsu Bergecho, was created to increase public knowledge of the bank’s fuel payment options.
He added that it also included a ceremony to thank and recognise the gasoline station owners, salespeople, bank personnel, and branches for their past contributions to improving the service. On that day, incentive prizes were given to the stations, salespeople, bank employees, and branches in the Kirkos District that had improved performance using the bank’s fuel payment choices. Additionally, 20 stations who have developed a working partnership with Kirkos District received certificates of gratitude. Gas station operators and invited bank clients attended the programme to promote the Commercial Bank of Ethiopia’s digital gasoline payment possibilities.