Background Information
PSS is a consortium owned by six private banks i.e, Awash Bank, Nib International Bank, Hibret Bank, Berhan Bank, Addis International Bank, and Cooperative Bank of Oromia. It was established in 2009 by the visionary banks to save the high investment cost of the modern payment platform and deliver electronic payment services to financial institutions with a shared system. It commenced operation officially on July 5, 2012, with 165 million Birr.
