NIB Catches Up with Banks Accepting Visa
Visa card holders welcome the widening convenience of non-cash transactions.
Addis Ababa – Nib International Bank (NIB) S.C. has added Visa Card services to the MasterCard accommodation it already has, making the service accessible from 70 automated teller machines (ATMs) and 100 point of sales (PoS) terminals last week.
It is the third bank under the umbrella of Premier Switch Solution (PSS), S.C. to introduce the service, following United and Awash International banks. Outside the PSS, Dashen Bank pioneered which have been available to its customers Visa card services for several years.
The service, which will be available to people already in possession of Visa cards, will target tourists, Ethiopians from the Diaspora as well as local people who have access to the card.
Granting Visa card access began after PSS became available to serve joint operations and integration of electronic transactions of member banks using ATMs and PoS. The bank became certified with Payment Card Industry Data Security Standard (PCI-DSS) following the inspection of PSS’s systems network and safety. NIB also had to become a principal member of the Visa before receiving authorisation to offer the service.
Read more at: Addis Fortune