London (Sunatimes) WorldRemit, a leading online money transfer
business, has launched anonline money transfer service that enables the Ethiopian
diaspora to send money back home using a variety of payment options including
debit cards, credit cards and Interac Online (Canada).
In partnership with the Commercial
Bank of Ethiopia (CBE), the
largest bank in the country with more than 390 branches, the new service
enables customers to send money from the privacy and convenience of their home
or office, 24/7. All they require is Internet access, eliminating the need to take
time off to visit an agent location.
"With fees starting as low as £2.50 (or $4 in Canada) for
transfers of up to $100 and best foreign exchange rates, we offer more
competitive prices than informal networks that traditionally dominated this
corridor," said Ismail Ahmed, CEO of WorldRemit.
Recipients can collect cash from any of CBE’s 390 plus branches
in Ethiopia, including more than 80 payout locations in Addis Ababa. As soon as
a transaction is processed, the recipient gets an SMS on their mobile phone
notifying them that they can pickup cash from the nearest branch.
"We are excited about our partnership with WorldRemit which
further extends the range of money transfer services available to Ethiopian
diaspora members who regularly send money back home," said Haimanot Amare,
Director-Foreign Transfer and NR/NT Accounts, Commercial Bank of Ethiopia.
"The collaboration accelerates our strategy to expand our global money
transfer network and range of services available to the diaspora."
About WorldRemit
WorldRemit is an
award-winning online money transfer business enabling customers to send money
to family and friends back home using various payment options including debit
cards, credit cards and Interac Online (Canada). WorldRemit now offers online
money transfer to over 30 countries
By Abdisalan Abdulle
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WorldRemit Launches Online Money Transfer to Ethiopia
In partnership with the Commercial Bank of Ethiopia (CBE)