ADDIS ABABA – Dashen Bank S.C said it has launched a Dashen American Express International Debit Card, in exclusive partnership with American Express.
The product significantly benefits overseas travelling customers by enabling them to easily use foreign currency for card transactions when travelling outside of Ethiopia, said the Bank.
The bank said the Debit Card would be key for customers with high foreign currency (FCY) inflow, who frequently travel for business to different corners of the world.
“Customers can access their FCY account to make purchases abroad,” it said, adding the cardholders would benefit from no withdrawal limit and access to the global American Express merchant and ATM network.
Asfaw Alemu, CEO of Dashen Bank S.C, said the launch of Dashen Bank American Express’ International Debit Card allows Ethiopian travelers to make easy, secure and convenient payments globally.
According to the Bank, a customer who fulfills the minimum KYC requirements and who is not on the sanctions lists of OFAC, UN and USA is eligible to get the Dashen American Express’ International Debit Card.
Customers can apply for the card at any Of the Bank’s branches or Forex Offices where quick delivery awaits them, it says.
“The international debit product will allow customers to use a card at POS machines when travelling globally, instead of having to make payments using physical cash,” said James Wainaina, Vice President of Business Development -Africa, for American Express.
The launch of the debit card “is another important milestone in our longstanding partnership with Dashen Bank and adds to our existing product portfolio which includes two domestic debit cards,” said Wainaina.
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