Business
Nib International Bank Launches Voice-Based Payment Confirmation System
Sheger FM · 3 days ago · Read the Full Story on Sheger FM
AI SUMMARY
Nib International Bank has launched the 'Sound Box' system in partnership with YegotPay Financial Technology to provide merchants with immediate voice confirmation for phone-based payments.
- Nib International Bank introduced a new technology called the Sound Box to provide immediate voice confirmation for phone-based payments.
- The system allows merchants to receive instant audio verification that a customer has completed a transaction.
- The device is designed to eliminate payment disputes and reduce demands for transaction screenshots or waiting for notifications.
- Nib Bank CEO Henok Kebede stated the technology prevents financial fraud and provides a better payment alternative.
- The bank partnered with YegotPay Financial Technology to implement the digital payment system.
- The initiative is part of the bank's five-year strategy to expand digital banking services and support Ethiopia's digital transformation.
- Future plans include implementing an online payment gateway and electronic receipt services.
- YegotPay Financial Technology is a fintech company established to provide digital payment business solutions in Ethiopia.
Related
Ethiopian Airlines Unveils 2027 In-Flight Menu Amid Safety Scrutiny
BirrMetrics · yesterday
Quality Standards Developed for Seven Indigenous Food and Beverage Products, Including Injera and Tej
The Reporter (Amharic) · 3 days ago
EU-Backed Fellowship to Support Ethiopian Media Resilience
BirrMetrics · 3 days ago
Pasta sold at Walmart locations nationwide recalled over listeria concerns
The Hill · 4 days ago