On September 16, 2025, Siinqee Bank marked a significant milestone in its journey toward digital transformation with the launch of its new prepaid Mastercard service. The event was held at the Skylight Hotel in Addis Ababa, in the presence of Siinqee Bank President Ato Neway Megersa, as well as Senior Executives and Management of the bank and MasterCard Company.

As part of its commitment to fostering a more inclusive financial landscape, Siinqee Bank has also entered into a strategic five-year agreement with Mastercard. This partnership aims to deliver innovative digital payment solutions that are secure, reliable, and accessible, thereby broadening the bank’s reach and enhancing service efficiency for customers nationwide.

During the launch event, Ato Neway Megersa, President of Siinqee Bank, emphasized the transformative potential of this new prepaid Mastercard. “This card is more than just a financial product; it symbolizes a crucial step toward building a resilient digital financial ecosystem that empowers our people,” he stated. “Our goal is to provide secure, accessible, and convenient financial tools that enable citizens to actively participate in Ethiopia’s growing digital economy and improve their overall financial well-being.”

Ato Neway highlighted that this initiative aligns with Ethiopia’s broader development goals. By fostering financial inclusion and promoting economic growth, Siinqee Bank aims to support the nation’s vision of establishing a modern, inclusive, and sustainable financial infrastructure.

Looking ahead, the president articulated a clear strategic vision for the next five years. “Our goal is to position Siinqee Bank as Ethiopia’s premier digital banking leader,” he explained. “We will continue to innovate, expand our ecosystem, and enhance digital literacy across the country.”

The bank’s strategic objectives include developing new financial products tailored to diverse customer needs, upgrading technological infrastructure, and extending its services to marginalized and underserved communities. This approach ensures that no Ethiopian is left behind in the ongoing digital revolution.

Siinqee Bank’s efforts are fully aligned with Ethiopia’s national development frameworks, including Vision 2030 and Digital Ethiopia 2025. The bank is committed to contributing to sustainable development, economic diversification, and poverty alleviation through innovative financial solutions and inclusive growth.

The prepaid Mastercard service launch signifies a bold step forward for Siinqee Bank and Ethiopia’s financial landscape. By embracing digital innovation and strategic partnerships, the bank is dedicated to building a more inclusive, resilient, and prosperous future for all Ethiopians.

Stay tuned for more updates as Siinqee Bank continues to lead Ethiopia’s digital banking revolution and unlock new opportunities for its customers across the country.