WorldRemit and Xpress Money launch instant money transfers to Ethiopia
Instant cash pickup service now available at over 3000 Xpress Money locations in Ethiopia
London and Addis Ababa, 19 December 2016: Digital money transfer service WorldRemit and global money transfer brand Xpress Money have partnered to open up new remittance routes to Ethiopia, expected to further support the growing demand for instant remittances in the country.
Through Xpress Money’s extensive agent partner network, WorldRemit customers will be able to make secure, instant money transfers to be collected at over 3,000 cash pick up locations all over the country – including major banks Abay Bank, Addis International Bank, Awash International Bank, Bank of Abyssinia, Buna International Bank, Cooperative Bank of Oromia, Commercial Bank of Ethiopia, Dashen Bank, Debub Global Bank, Lion Internatinal Bank, NIB International Bank, Oromia International Bank, United Bank and Wegagen Bank.
For a detailed list of all pick up locations in Ethiopia, please visit the WorldRemit website here.
Remittances play an important role in Ethiopia’s economy – the country received $624 million in remittances in 2015 according to the World Bank.
With the WorldRemit app or website, customers send more than 500,000 transfers every month to more than 125 destinations. WorldRemit, known as the ‘WhatsApp of money’, makes sending a remittance as easy as sending an instant message.
Xpress Money is one of the fastest growing instant money transfer companies, present in 160 countries through 180,000 cash payout locations across the globe. It has regional offices in 25 countries including UK, USA, Canada, Australia, Hong Kong, Philippines, United Arab Emirates and India, amongst others. Xpress Money offers convenient services to its customers globally, which include Cash Payouts, Account Credits, Remit Card or ATM, Mobile Wallets and Door Delivery Services.
Ismail Ahmed, founder and CEO at WorldRemit, comments: “We want to offer our customers the widest and most convenient choice of payout options. Xpress Money is a trusted and dependable money transfer brand with a fantastic network of agents across the world. Our partnership will extend our footprint into new territories and will enable even more people to make secure, instant money transfers.”
Sudhesh Giriyan, COO at Xpress Money added:“Customer convenience ranks high on our list of priorities; through this partnership with WorldRemit we are elevating that level of our customers’ convenience as they can now send money at their fingertips, whenever they want, through the WorldRemit app or website. It is ideal to have partnered with a like- minded brand as WorldRemit, that is also working towards a similar objective that benefits the end customer. The remittance industry is at a juncture where is it necessary for brands to collaborate for the sake of the industry at large. We are happy to be setting the right example and hope for other brands to follow suit.”
For more information on how to send money to Ethiopia, click here.