Coopbank Launches VISA Card Services and “Trip to the FIFA World Cup 2026™Campaign
March 21, 2026 | Addis Ababa –Cooperative Bank of Oromia (Coopbank) has announced the launch of its VISA card services in partnership with VISA, marking a significant milestone in the Bank’s ongoing digital transformation journey.The newly introduced Coop VISA cards include VISA Classic Debit Cards (available in both conventional and interest-free banking modalities), VISA Classic Prepaid Cards (designed for international travelers), and VISA Platinum Prepaid Cards (tailored for premium customers). These products are designed to enhance customer convenience, expand access to global payment systems, and deliver a seamless digital banking experience, while also offering customers a chance to win a once-in-a-lifetime opportunity. To support this rollout, Coopbank has commissioned an advanced card personalization machine with the capacity to process up to 2,000 cards per hour. This capability enables the Bank to deliver faster, secure and efficient card issuance services.In parallel with the card launch, Coopbank, in collaboration with Visa, has unveiled the “Trip to the FIFA World Cup 2026™ campaign. This promotional initiative provides Coop VISA cardholders with a unique opportunity to win a fully sponsored travel experience to attend the tournament in North America.
Customers who conduct eligible transactions using their Coop VISA Cards will automatically be entered into a lottery draw. Winners will receive a comprehensive travel package that includes visa processing, round-trip airfare, and accommodation with meals, official match tickets, and related travel expenses. Eligible transactions include payments made at any POS terminal using VISA Classic Debit Cards with a minimum spend of ETB 200 locally, as well as international transactions of USD 20 or more conducted using VISA Classic Prepaid Cards and VISA Platinum Prepaid Cards. The Bank noted that detailed terms and conditions apply.
The campaign runs from March 21, 2026 to April 17, 2026.
Commenting on the launch, Chief Executive Officer Deribie Asfaw stated that the initiative reflects Coopbank’s strong commitment to innovation and customer-centric service delivery. He emphasized that the Bank continues to introduce impactful financial solutions while creating unique opportunities that deliver lasting value and memorable experiences for its customers.
Coopbank invites all customers to obtain and actively use their Coop VISA Cards to participate in the campaign and seize the opportunity to experience the FIFA World Cup 2026™ live.
Coopbank Becomes the First to Launch Ethiopia’s Fayda Wallet
Addis Ababa, May 21, 2025 — In a landmark move for Ethiopia’s digital transformation, Coopbank, in collaboration with the National ID Program (NIDP), TECH5, and Visa, officially launched the country’s first Fayda Wallet today. The launch event, held at the Ethiopian Skylight Hotel, was attended by senior government officials, international partners, Coopbank executives, and key stakeholders from across sectors.
This innovative initiative marks a major milestone in the development of Digital Public Infrastructure (DPI) in Ethiopia. Aligned with the Digital Ethiopia 2025 Strategy and the Homegrown Economic Reform Agenda, the Fayda Wallet aims to enable secure, inclusive, and digital access to financial services for all citizens.
As the first bank in Ethiopia to integrate and operationalize the Fayda Wallet, Coopbank now enables customers to open accounts through biometric eKYC linked to their Fayda Digital ID. Once verified, customers instantly receive a virtual Visa card, empowering them to perform secure digital transactions with ease.
“Our adoption of the Fayda Wallet enables us to reach underserved communities through an inclusive, secure, and user-friendly digital platform,” said Deribie Asfaw, CEO of Coopbank. “This is a significant step in our journey to build a digitally empowered Ethiopia.”
The Fayda Wallet operates through an intuitive mobile application, providing users with a verified digital identity credential for accessing both financial and government services. To ensure no one is left behind, a custodian wallet model allows certified agents to serve users without smartphones using biometric verification.
Powered by TECH5’s advanced biometric and identity-matching technology, the wallet features contactless fingerprint capture, liveness detection, and robust data privacy and credential security mechanisms.
This launch comes alongside the ID4Africa 2025 Conference currently underway in Addis Ababa, positioning Ethiopia as a continental leader in digital identity innovation. The launch of the Fayda Wallet reinforces Coopbank’s unwavering commitment to building a financially inclusive and digitally advanced Ethiopia, one customer at a time.
Coopbank Introduces Coop-Chapagram: A New Digital Financial Service
(Addis Ababa, August 15, 2023) – Coopbank, a pioneer in digital financial solutions, proudly announces the launch of its latest innovation, Coop-Chapagram, in partnership with Chapa, a leading financial technology provider.
The official launch of the Coop-Chapagram digital financial technology took place today, witnessing the presence of key stakeholders and industry leaders.
Coopbank of Oromia, renowned for pioneering user-friendly financial technologies, has joined hands with Chapa Financial Technology Company to unveil Cop-Chapagram, a revolutionary payment solution integrated with the Telegram chatbot platform.
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Michu uncollateralized digital lending product
Cooperative Bank of Oromia & Kifiya Financial Technology announce partnership for the launch of Ethiopia’s first uncollateralized digital lending product, Michu.
Addis Ababa, Ethiopia, January 12, 2022, Cooperative Bank of Oromia (Coop bank) and Kifiya Financial Technology (Kifiya), today announced a new partnership and launched a digital lending product named Michu.
Coop bank’s Michu is Ethiopia’s first uncollateralized digital lending product, powered by Kifiya’s Qena, an AI-driven digital lending platform.
The partnership allows Coop bank to tap into Kifiya’s digital lending technology and give Kifiya the ability to leverage Cooperative Bank of Oromia distribution and financial capacity. The Bank will offer lending solutions targeting Micro, Small, and medium businesses (MSMEs), providing access to credit, through groundbreaking and cutting-edge credit scoring systems.
Research shows that Ethiopia’s MSME Financing to GDP Ratio was 2% in 2020. This ratio is lower than South Africa’s 14% and Kenya’s 6% in 2020. Ethiopia’s poor ratio is attributed to the crowding-out of credit by the public sector and high requirements for a loan to MSMEs by Micro-Finances and Commercial Banks.