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The Commercial Bank of Ethiopia (CBE) has unveiled a new digital foreign currency remittance service named EthioDirect. This move by the CBE is aimed at modernizing the process of money transfers and making it more accessible and convenient for customers.
According to Ato Abe Sano, the President of CBE, the platform has been designed to offer a safe and secure method of digital money transfer. The app is free to use and allows customers to send remittances from anywhere, at any time, using international payment cards such as Mastercard and Visa.
Customers can send money through the EthioDirect app by downloading it from either the App Store or the Play Store and installing it on their mobile phones. The money sent will be directly deposited into the recipient’s bank account and can either be deposited into their CBE Birr wallet or picked up at a nearby CBE bank branch.
