Thursday
January 17
2019

WorldRemit set to boost Ethiopia’s remittance income

Digital remittance transfer company, WorldRemit is set to boost Ethiopia’s income from remittance by partnering with Commercial Bank of Ethiopia (CBE).

The new strategic partnership significantly increases WorldRemit’s footprint in Ethiopia, enabling its customers in over 50 countries to make mobile money transfers to over 1.2 million CBE Birr wallets as well as any mobile phone in the country. Customers can also transfer money quickly and securely to over 20 million CBE bank accounts and 1,300 new cash pickup locations.

Photo courtesy of AMISOM Public Information.

Source: IT News Africa (link opens in a new window)

Categories
Finance, Technology
Tags
DFS, digital finance, digital payments, emerging markets, financial services, fintech, remittances, technology