Fourteen separate firms are bidding to supply ATMs and POS systems to three separate Ethiopian banks, United, Nib and Awash. The project includes the supply of a turnkey solution for a shared card-based payment system and electronic fund transfer solution which consists of a switch, 60 ATMs, 300 POS units, a personalization system, a data center and disaster recovery site and the network infrastructure. In addition to the supply and installation of the ATMs and POSs, the winning company would be responsible for the supervision of the whole system for a period of two years.
Awash International Bank, Nib International Bank, and United Bank signed an agreement in February 2009 to launch the Fettan ATM Network. Originally, it was planned that Fettan ATM™ will install over 140 ATMs and over 340 POSs across Ethiopia with one ATM at every branch of the participating banks.
