Whereas, it is necessary to enhance safety and efficiency of payments made by travelers’ by introducing additional payment instruments internationally acceptable.

Whereas, the existing Directives issued for the use and acceptance of credit cards needs mendment to widen the scope of operations to include issuance of debit and/or prepaid cards.

Now, therefore, these Directives are issued by the National Bank of Ethiopia pursuant to the
authority vested in it by Article 20(20) of the National Bank of Ethiopia Establishment (as
amended) Proclamation No. 591/2008.