Abyssinia
“Can Bank of Abyssinia become the primary infrastructure bank enabling digital payments, remittances, and card issuance across Ethiopia by partnering with telecoms, fintechs, and global card networks?”
Bank of Abyssinia is a traditional Ethiopian commercial bank that has been progressively investing in digital transformation. The bank implemented Temenos Infinity to modernize its digital banking stack and has entered strategic partnerships with Paga Group (payments), Visa (card issuance and cross-border), and Ethio Telecom (remittances), signaling a shift toward digital-first financial services in an underserved market. Its embedded finance angle is primarily as a licensed banking partner enabling third-party fintechs and telecoms to distribute financial services through its infrastructure.