To enhance payment ease and expedite business transactions, Nib International Bank, a leading commercial bank in Ethiopia, has launched two new digital payment apps, Nib Amber Pay and Nib Paystream.
At the inaugural event, which took place at the bank’s headquarters, Henok Kebede, the CEO, gave a speech outlining the main features of the new services. The bank announced on Thursday.
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Nib Amber Pay to streamline business transactions
By enabling users to safely receive payments and track their business operations via mobile devices, Nib Amber Pay, according to Henok, is made to streamline business transactions.
Nib Amber Pay is specifically designed for companies with numerous sales representatives, enabling them to accept payments from a single account using a mobile application. It provides four distinct payment options.
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Nib Paystream to enhance digital payments
With the help of the second product, Nib Paystream, businesses will be able to accept digital payments for their services by supporting online transactions.
According to Henok, the launch of these digital services is in line with the bank’s continuous initiatives to improve service delivery through technology and modernise its financial processes.
In the future, the bank intends to keep embracing and putting new digital solutions into practice.