M-PESA Safaricom, Dashen Bank, and CashGo have partnered to improve international remittance services in Ethiopia. The collaboration enables Ethiopians to receive money instantly in their M-PESA wallets.
The partnership aims to provide a seamless and secure way for Ethiopians to get funds from abroad. This new service allows users to receive money quickly and use it for various transactions. Customers can send money, make payments, buy airtime, or withdraw cash from agents.
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A Step Towards Financial Inclusion
Elsa Muzollini, CEO of M-PESA Safaricom, expressed excitement about the partnership. She said, “We are partnering with Dashen Bank and CashGo to enhance remittance services for our customers.
“This collaboration aligns with our mission to drive financial inclusion and provide innovative digital financial solutions. By integrating M-PESA with CashGo, we are making it easier for Ethiopians to receive funds from abroad.
“With this service, recipients no longer need to visit financial institutions to collect funds; instead, they can access their money instantly on their phones, enhancing financial accessibility and ease of use.”
Dashen Bank will handle transaction settlements and processing. CashGo will provide the digital platform that ensures smooth and fast money transfers. M-PESA will make the funds available to customers immediately.
Dashen Bank’s CEO, Asfaw Alemu, emphasized the significance of this partnership. He stated, “I am delighted to announce Dashen Bank’s strategic partnership with M-PESA Safaricom and CashGo. This marks a significant milestone in enhancing international remittance services for Ethiopians.
“This collaboration reflects Dashen Bank’s unwavering commitment to driving financial inclusion and providing innovative solutions that meet the evolving needs of our customers.
‘As the exclusive settlement and acquiring bank in this partnership, Dashen Bank will play a pivotal role in ensuring secure and efficient processing of remittance transactions.
“By combining our financial expertise with CashGo’s advanced digital remittance platform and M-PESA’s mobile money services, we are proud to offer a seamless, instant, and secure way for Ethiopians to receive funds from abroad directly into their M-PESA wallets.”
This initiative strengthens Ethiopia’s digital financial system. It ensures that sending and receiving money is faster and more convenient. M-PESA Safaricom remains committed to using technology to improve financial services in Ethiopia.