Commercial Bank of Ethiopia debuts ACI’s retail payments solution
Commercial Bank of Ethiopia (CBE) has gone live with ACI Worldwide’s UP Retail Payments solution.
CBE aims to drive the country’s move toward becoming a cashless economy, the vendor says. The bank is using ACI’s UP Retail Payments solution to optimise its payments environment and legacy systems.
“ACI’s broad footprint and understanding of our region, proven and reliable payments offerings, and track record of success make it an ideal technology partner,” believes Addis Tilaye, director, project management, CBE.
“Africa has long been regarded an incredibly advanced nation when it comes to financial innovation, and Ethiopia’s move toward a cashless economy further reinforces this recognition,” says Manish Patel, general manager MEASA, ACI Worldwide.
CBE is the largest commercially-owned bank in the country. For its core banking software, it runs Temenos’ T24.