#Bank_of_Abyssinia and #Visa Launch #E_Commerce Acquiring Business using #CyberSource Payment Gateway Technology!
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BoA becomes the First Bank in Ethiopia to implement Visa CyberSource payment gateway to drive e-commerce acquiring business.

In an event held in Addis Ababa on August 04, 2020, Bank of Abyssinia (BoA) and Visa have announced a strategic partnership to drive e-commerce acquiring through visa CyberSource payment gateway making BoA the first bank in Ethiopia to implement the platform. The platform enables businesses accept online payments using credit cards which leapfrogs the current and lagging e-commerce practice in Ethiopia to a new efficient and secured e-commerce reality.

With the Visa CyberSource payment gateway, businesses are able to accept online payments seamlessly in effect bringing a new dawn to the e-commerce acquiring business in Ethiopia with a huge potential in the hospitality, ride-hailing services, and manufacturing, among others.