Cash Recycler Machine
Cooperative Bank of Oromia Unveils Cash Recycler Machine and Digital Incubation Center Dx-Valley 2.0
Addis Ababa, June 14, 2024 – The Cooperative Bank of Oromia has taken a significant step forward in enhancing its service delivery with the launch of the Cash Recycler Machine (CRM) and the digital innovation incubation center, Dx-Valley 2.0. These advancements mark a new era in the bank's commitment to digital solutions and customer service excellence.
During the launch event, Coopbank CEO Deribie Asfaw emphasized the bank’s 'Digital First' approach. He highlighted the innovative solutions designed to address financial challenges and set new industry standards. The new CRM ensures seamless cash withdrawals and deposits, operating continuously regardless of working hours or power outages. Equipped with its own battery and solar panels, the machine guarantees uninterrupted service, enhancing accessibility compared to traditional ATMs.
Vice President Awelu Abdi of the Oromia Regional Government praised the bank for its support of economic activities and preservation of community heritage and values. He addressed the bank's digital innovations as exemplary, setting a benchmark for others to follow.
The newly launched Dx-Valley 2.0 aims to nurture start-ups and drive innovation, contributing to economic growth through advanced digital solutions. This incubation center is designed to foster a culture of innovation, providing the necessary resources and support for budding entrepreneurs.
Frizer Ayalew, Director of Bank Supervision at the National Bank of Ethiopia, commended Coopbank’s commitment to technological innovation and digital financial services. He recognized the bank's efforts in ensuring comprehensive and modern financial services through these strategic initiatives.
These initiatives underscore the Coopbank’s of Oromia’s strategic focus on digital transformation. By leveraging cutting-edge technology and fostering innovation, the bank aims to provide comprehensive and modern financial services, ensuring enhanced customer satisfaction and service delivery.
