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Ugandan fintech signs partnership with Ethiopian bank

According to a press release, the partnership with Awash, Ethiopia’s biggest private bank, was signed on April 25, 2022, at the bank’s headquarters, in Addis Ababa

KAMPALA, UGANDA: Service Cops, one of Uganda’s leading financial technology and business processes outsourcing (BPO) firms has entered into a partnership with Awash bank in Ethiopia to support the bank’s digital strategy.

According to a press release, the partnership with Awash, Ethiopia’s biggest private bank, was signed on April 25, 2022, at the bank’s headquarters, in Addis Ababa by Service Cops managing director Mathias Kamugasho and Tsehay Shiferaw Awash bank chief executive officer.

The partnership will see Service Cops provide a variety of digital/technology solutions ranging from edutech solutions such as e-School products as well as other financial technology products, API and channels management solutions.

E-School (School Suite), the enterprise version of the popular SchoolPay platform is a paperless school management system that eases the management of education institutions by creating one central data management point that enables school owners, administrators, parents/guardians and learners to each perform their functions easily.

The system, for example, integrates a payment portal that allows parents/guardians to pay school fees via a multiplicity of channels that include banks and mobile money from the comfort of their homes, and at the same time, allows school administrators to monitor the payments in real-time. School Suite also allows for e-learning, allowing schools, learners and parents/guardians to collaborate.

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“Within the Ethiopian market, Awash becomes the second bank to sign up for our technology solutions, which is a testimony to the value of our digital value proposition, cements our position in this part of Africa and we are optimistic that we shall get other partners to expand our offering within this market commented,” said Kamugasho.

Service Cops, is the first Ugandan based fintech to set foot in the Ethiopian market and one of a few Ugandan fintech brands operating outside Uganda. Ethiopia, one of Africa’s 10 largest countries by GDP, and the second-most populous is a strategic market in the Service Cops’ expansion strategy as the fintech firm eyes early leadership, beyond the East African Community.

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In Uganda, where the initial SchoolPay platform was launched in 2016, the service is relayed via 13 commercial banks, and the three leading telecoms i.e. MTN Uganda, Airtel Uganda and Uganda Telecom.



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