CBE introduces ‘EthioDirect’ digital foreign currency remittance service

Addis Ababa January 30, 2023 (FBC) – The Commercial Bank of Ethiopia (CBE) has unveiled a new digital foreign currency remittance service named EthioDirect.

According to CBE, the introduction of the service aimed at modernizing the process of money transfers and making it more accessible and convenient for customers.

On the launching of the new service, President of CBE, Abbie Sano, said that the platform has been designed to offer a safe and secure method of digital money transfer.

He added that 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, CBE stated.

By: Yonathan Yoseph