26 Feb

Bank of Abyssinia partners with WorldRemit for digital money transfers to Ethiopia

The new partnership connects WorldRemit to over 1,200,000 Bank of Abyssinia accounts and 317+ new cash pickup locations across Ethiopia“As Ethiopia, Africa’s fastest-growing economy, becomes increasingly digital, WorldRemit is delighted to partner with leading financial institutions like Bank of Abyssinia to make it faster, simpler, and cheaper to receive money from around the world.“Whether you’re in Washington or Winnipeg, we make sending money home as easy as sending an SMS. Over 90% of WorldRemit transactions are authorised within 10 minutes and customers can track their money’s journey in real-time using our ‘Track your Transfer’ function.”“Remittance plays a pivotal role in improving Ethiopia’s foreign currency reserve position. The partnership agreement between Bank of Abyssinia and WorldRemit could not thus come in better time as the Ethiopian Diaspora are mobilised in response to the new socio-political ecosystem.  We believe that the platform created by this new partnership shall change the way remittances are handled like never before. The partnership between our two companies shall also make transfer simpler, faster and at the lowest cost making the service experience for our esteemed customers like never before.


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