Many Ethiopians would love to be able to own a MasterCard in Ethiopia. Today this has become a reality through the use of a New York based company called Payoneer.
This debit card can be used internationally and also lets you pay online for items or services you desire.
Online stores such as the famous Amazon, EBay and Alibaba are now available for Ethiopians who own a Payoneer MasterCard.
What Payoneer means for Ethiopians: Pay Online in Ethiopia
Payoneer is a financial services corporation that offers online digital payment and money transfer services for customers worldwide.
Technically, anyone can own a Ethiopian Payoneer account and in time receive a debit card in the form of a MasterCard.
By signing up to utilize Payoneer's services you will be able to receive money in Ethiopia from anywhere in the world, as well as being able to spend your money online.
What you must have to get a Payoneer MasterCard in Ethiopia
A Working Email Address: you will be required to sign up using your email address much like with PayPal.
Access to a P. O. Box: In order to receive your own MasterCard, you must have access to a P. O. Box. You could own it or just use a post office box belonging to someone close to you.
Government Issued ID: depending on the type of ID you have. Passport always works but you can also use your driver's license and some Kebele IDs.
Bank Account: You will be asked to provide your banking details. Swift Code is a standard format of Bank Identifier Codes (BIC) and it is the unique identification code for a bank. These codes are used when transferring money between banks, particularly for international wire transfers.Banks also used the codes for exchanging other messages between them. The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office.
To find your bic code just go to this link: Ethiopian Bank BIC and Swift Codes
Getting your MasterCard in Ethiopia
Once you have completed the sign up process, you will usually receive an email stating that your application has been approved within a couple of hours or a day.
With full access and control of your new Payoneer account you can download the app or just use their website here.
Finally, open your account and click on the "order card" option. Payoneer used to send a MasterCard to everyone that clicked on this but now they will require you to have at least $30 in your account.
They do this to make sure you have full access and are not using it for malicious purposes.