The Awash Mastercard prepaid plastic card was launched during a press conference on Friday

Awash Bank Partners with Mastercard to Launch International Prepaid Cards

ADDIS ABABA – Awash Bank, one of the biggest private banks in Ethiopia, has introduced international prepaid cards in partnership with Mastercard

The Mastercard-branded international prepaid plastic card was launched during a press conference at Awash Bank’s Headquarters on Friday.

The bank, one of the biggest private financial institutions in Ethiopia, says the collaboration marks a significant milestone in Ethiopia’s financial industry.

The prepaid cards – virtual and plastic- enable customers and merchants to make and receive payments online from anywhere in the world where Mastercard is accepted.

The partners say customers can use the plastic card to withdraw cash from ATMs, pay on POS terminals, and shop online at any merchant location. The virtual card also offers customers the freedom to make online purchases at any merchant website worldwide.

One of the key features of Awash Mastercard is that customers can load funds onto the card as needed at Forex bureaus, making it an ideal choice for international payments and travel-related expenses.

“This innovative offering is a testament to Awash Bank’s commitment to delivering convenient and secure financial solutions to our customers,” said Yohannes Merga, Senior Chief Marketing Officer for Awash Bank.

How to obtain Awash MasterCard

Yohannes added: “Awash Mastercard empowers travelers with the freedom to manage their finances seamlessly while exploring the world,” he added.

Awash Bank’s international prepaid card is made available to any traveler above the age of 18.

To obtain the card, interested individuals simply visit the Forex Bureau and open a bank account.

They are required to bring along essential travel documents such as a passport, visa, and flight ticket.

Payment Gateway

Along with the card, the bank will also introduce Mastercard’s Payment Gateway Services (MPGS) which will expand Awash Bank’s service offering.

The Payment Gateway allows local merchants that have mobile applications or websites to integrate with it and accept international payments online. Customers from all over the world can place online orders and reservations and pay merchants that are integrated with MPGS using their cards.

“This collaboration with Awash Bank is driving our commitment as Mastercard to enable financial inclusion across Africa,” said Shehryar Ali, Senior Vice President for East Africa at Mastercard.

“Our technological advancements in the payments landscape, enable consumers to be connected to endless possibilities when transacting.”

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