Zemen Bank partners with Netcetera to deliver digital banking payments

Zemen Bank, based in Addis Ababa, Ethiopia, has partnered with Netcetera, a digital payments provider, to offer payments solutions for customers. Netcetera will provide its Access Control Server to allow the bank to authenticate cardholders with multi-factor authentication for digital payments, according to a press release.

The bank partnered with Netcetera to meet the needs of a growing number of e-commerce customers in Ethiopia, which is expected to reach 44.2 million users by 2025.

"We are excited to partner with Netcetera in providing a secure e-commerce payment ecosystem to our clients and to promote E-commerce marketplaces vital for Ethiopia's digital strategy 2025 We appreciated Netcetera's professionalism, flexibility and setting of realistic goals for our project," Amha Tadesse, CIO of Zemen Bank, said in the release. "The comprehensive onboarding also allowed us to have all our questions answered and explore new functions."