5 Dec



Addis International Bank partners with WorldRemit for digital money transfers to Ethiopia

WorldRemit continues its rapid growth in Ethiopia, launching digital money transfers to over 100,000 Addis Bank accounts and 60 new cash pickup locations in the country. “We are delighted to partner with Addis Bank, a company that shares our commitment to supporting financial inclusion in Ethiopia.“Since the beginning of the year, we have added nine new partners to our network in Ethiopia, connecting millions of Ethiopians to our best in class digital money transfer service. The new partnership with Addis Bank expands our reach in the country, enabling the diaspora to send money quickly and securely to over 100,000 bank accounts and 60 new cash pickup locations.”“Addis Bank’s profitability and capital base are increasing due to its reputation for strong customer service and wide array of banking services. Remittances are an important source of foreign reserves. Our partnership with WorldRemit extends our ability to provide our customers with access to a best-in-class digital remittance service and supports the Bank’s foreign exchange reserves.

Source: 
WorldRemit

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