Ethiopia

Hibret Bank Launches E-Commerce Digital Payments Solution With Mastercard

by Fintechnews Africa 21 November 2022

Ethiopia’s Hibret Bank has partnered with Mastercard to launch Hibir e-commerce, a digital payments platform for Ethiopian businesses to accept international card payments for online purchases.

The platform, enabled by Mastercard Payment Gateway Services, allows businesses and merchants to accept Mastercard and other branded payment cards from customers based outside of the country.

Hibir e-commerce will also ensure that merchants get paid in foreign currency for online sales without having to go through the usual lengthy payment settlement process.

The new e-commerce solution aligns with Hibret Bank’s 2030 strategy to create a mutually beneficial payment ecosystem with international cardholders and merchants.

Ato Melaku Kebede

“This collaboration will help provide secure, around-the-clock payment services to our customers and allows the bank to expand our customer base both locally and globally by meeting different requirements,”

said Ato Melaku Kebede, CEO of Hibret Bank.

Shehryar Ali

“We are proud to collaborate with Hibret Bank to enhance the e-commerce landscape in Ethiopia and grow access to the digital economy,”

said Shehryar Ali, Country Manager for East Africa, Mastercard.

Featured image credit: Edited from Unsplash