ADDIS ABABA – The Ethiopian Bankers Association (EBA) has signed a contract with the Lamino Engineering Pvt. Ltd. for the purchase of registration materials to implement National digital ID registration.
Briefing Journalists yesterday, EBA’s Board Chairperson Abe Sano said that the association inked the purchasing contract with Lamino Engineering Pvt. Ltd. in a bid to obtain 6,000 digital ID registration materials.
It was learnt that EBA and the National ID Program together with 32 banks have been working on achieving the goals of digital transformation having spent over one billion Birr and signed the purchase contract of 6,000 registration materials.
The Chairperson said that the contract will benefit 40 million citizens in 11,000 bank branches in the country. He urged the Lamino Engineering Pvt. Ltd. Company that won the bid and signed the contract, to fulfill its responsibilities by providing the materials on time according to the contract.
Abe said that the agreement will play a significant role in enabling National’s digital identity to be accessible and inclusive in the financial sector, as well as to ensure a safe and efficient financial system.
Lamino Engineering Pvt. Ltd. CEO Kidus Geberesilassie on his part said that: “We are preparing to supply 6,000 National Digital ID registration materials with quality and desired time.
The National ID Program CEO Yodahe Arayaselasie said that due to the lack of such identity documents, over 30 percent of the country’s residents who are not included in the financial sector.
He, therefore, said that National Digital ID program would enable to create inclusive the financial system.
Yodahe stated that the process of installing and preparing the software required for National Digital ID registration will be carried out by the National ID Program.
National Digital ID implementation in the financial sector plays an important role in enhancing transparency in the economic development of the country, he noted.
BY ESSEYE MENGISTE
THE ETHIOPIAN HERALD THURSDAY 25 APRIL 2024
