M-PESA Safaricom has partnered with Dashen Bank and CashGo to enhance international remittance services in Ethiopia. This collaboration allows Ethiopian users to receive funds directly into their M-PESA wallets, emphasizing convenience and security. The service enables instant access to funds, which can be used for various transactions, promoting financial inclusion across the country.
M-PESA Safaricom has formed a strategic alliance with Dashen Bank and CashGo to improve international remittance services for Ethiopians. This collaboration enables users to receive funds directly into their M-PESA mobile wallets from abroad, providing a secure and efficient option for managing remittances. The service furthers M-PESA’s commitment to financial inclusion by allowing instant access to received funds, which can then be used for various transactions within the M-PESA ecosystem.
As part of this initiative, M-PESA Safaricom is thrilled to introduce a new remittance service. This launch greatly enhances financial accessibility for those receiving money from abroad. Users can now utilize their M-PESA balance for sending money, paying bills, purchasing airtime, or withdrawing cash without visiting traditional banking institutions.
CashGo serves as the digital remittance platform facilitating fund transfers, while Dashen Bank acts as the exclusive settlement and acquiring bank responsible for processing these transactions. M-PESA Safaricom guarantees that customers can instantly access their money through mobile accounts, making this service convenient for all users.
Elsa Muzollini, CEO of M-PESA Safaricom, stated that this partnership aligns with their goal of promoting financial inclusion and innovative digital solutions. By integrating CashGo’s technology with M-PESA, Ethiopians can receive funds safely and conveniently through their mobile wallets.
Dashen Bank’s CEO, Asfaw Alemu, emphasized the significance of this collaboration in enhancing remittance services. He noted that combining Dashen Bank’s expertise with CashGo’s technology and M-PESA’s services would provide Ethiopians with an efficient way to receive money from overseas.
This partnership reinforces M-PESA Safaricom’s dedication to contributing to Ethiopia’s digital financial services landscape. By leveraging the combined strengths of all three partners—M-PESA’s mobile technology, CashGo’s platform, and Dashen Bank’s financial services—this initiative aims to revolutionize how Ethiopians process international remittances, enhancing access and efficiency.
Ethiopia’s remittance sector has significant potential due to the large Ethiopian diaspora sending money back home. Traditional remittance services often involve lengthy processes and physical trips to financial institutions. The partnership between M-PESA Safaricom, Dashen Bank, and CashGo aims to streamline this experience, reducing barriers and improving accessibility to financial services for countless Ethiopians.
The partnership between M-PESA Safaricom, Dashen Bank, and CashGo marks a transformative step in enhancing remittance services in Ethiopia. By allowing direct access to funds through mobile wallets, this collaboration not only increases financial accessibility but also supports the economic growth of the region. Ultimately, it exemplifies a commitment to innovation and financial inclusion for all Ethiopians.
Original Source: techafricanews.com
