Establishment

Premier Switch Solutions S.C. (PSS) is a consortium owend by six private banks:

  • Awash International bank
  • Nib International Bank
  • United Bank
  • Addis International Bank
  • Berhan International Bank
  • Cooperative Bank Of Oromia

To provide electronic banking operations. PSS commenced operation officially on July 5, 2012 with 165million Birr capital.

Governance

 

    • The General Assembly of Shareholders is at the apex of the company‚Äôs organizational structure.
    • PSS is supervised by Board of Directors that includes a Chairman and other seven Directors who are elected by the General Assembly of Shareholders.
    • The Management of the PSS is entrusted to the CEO who is appointed by the Board of Directors.

 

Vision and Mission

Vision

  • to be the cornerstone of attaining a cashless society in Ethiopia.

Mission

  • Provide efficient, effective and diversified e-payment services to a growing number of customers using state of the art technology that is most beneficial to member banks and users.

objectives (goals):

  • Contribute to modernization of the National Payment System in the country;
  • Optimize economies of scale in investing on e-payment infrastructure
  • Provide interconnectivity and interoperability amongst participants
  • Deploy a shared switch network which complies with all relevant international standards
  • Specify participants EFT interface standards
  • Provide vital retail payment statistics for tactical and strategic planning purposes
  • Provide a mechanism for proactive detection of card frauds
  • Provide seamless integration with the central switch system