Zemen Bank has partnered with Netcetera to offer simple online payments to its customers while maintaining payment security.
Zemen said it wanted to engage with Netcetera, an experienced digital player with the right digital software to allow them to take off in the African payments market and offer customers a seamless online payment experience.
The market for digital payments is growing steadily in Ethiopia, as more and more customers gain better access to e-Commerce sites and want to shop from their mobile devices.
The number of eCommerce consumers in Ethiopia is projected to reach 44.2 million users in 2025. This means issuers need to set up robust payment processing systems which allow smooth and secure communication of data between issuers, merchants and acquirers.
Netcetera’s Access Control Server allows Zemen to authenticate cardholders online with multi-factor authentication and prevent fraudulent payments.
Together, they worked to onboard customer cards and are now enabling Zemen Bank customers to make simple, secure e-commerce transactions with all payment card schemes, while ensuring security for financial data.
Zemen Bank CIO Amha Tadesse said, “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. The comprehensive onboarding also allowed us to have all our questions answered and explore new functions.”
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