Zemen Bank and Mastercard partner to launch Ethiopia’s first contactless Platinum Mastercard Prepaid Travel Card
Country’s first prepaid and contactless travel card will enable Ethiopians to travel with USD or EUR currencies
Zemen Bank has announced a partnership with Mastercard that will see the introduction of the first ever Mastercard branded prepaid contactless travel card in Ethiopia.
Zemen Mastercard prepaid travel cards will enable cardholders to use cards with either of the two major currencies, namely U.S. Dollars and Euros, based on their travel destination. The card is also the first contactless card issued in Ethiopia.
Dereje Zebene, Chief Executive Officer of Zemen Bank, emphasized the benefits of the new card and acknowledged the decision of the central bank to allow banks to start issuing travel cards: “We are delighted to see this product address our customers’ needs for overseas t...