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The First Bank in Ethiopia to acquire PCI DSS v4.0 – Level 1

In its effort to elevate security and enhance customer safety, Bank of Abyssinia proudly announces its compliance with PCI DSS – Level 1 for the second consecutive year, in v4.0 this time. We are also a valued Visa Global Registry service provider. Acquiring PCI DSS in v4.0 makes Bank of Abyssinia the first in Ethiopia and among the few in East Africa, showcasing its commitment to securing your data. This certification, from the Payment Card Industry Council, ensures the security of sensitive card data and prevents fraud, promoting trustworthy transactions for our customers.



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#Abyssinia_Bank

The First Bank in Ethiopia to acquire PCI DSS v4.0 – Level 1

In its effort to elevate security and enhance customer safety, Bank of Abyssinia proudly announces its compliance with PCI DSS – Level 1 for the second consecutive year, in v4.0 this time. We are also a valued Visa Global Registry service provider. Acquiring PCI DSS in v4.0 makes Bank of Abyssinia the first in Ethiopia and among the few in East Africa, showcasing its commitment to securing your data. This certification, from the Payment Card Industry Council, ensures the security of sensitive card data and prevents fraud, promoting trustworthy transactions for our customers.

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Telegram hopes to raise $1bn with a convertible bond private placement

The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.

The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.

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