Dashen Joins WorldRemit Network

WorldRemit, a digital money transfer service, has partnered with Dashen Bank to provide instant-money transfer services throughout Ethiopia.

The partnership is expected to enable the Ethiopian diaspora to transfer money to Dashen customers spread across the bank’s network of 370 branches using WorldRemit’s smartphone application or website. Dashen is the fifth bank to partner with WorldRemit along with Commercial Bank of Ethiopia, Abay, Nib and Awash banks.

This deal supports WorldRemit’s plan to serve 10 million customers in the emerging market by 2020, according to a statement.

Ethiopia has a two-million strong diaspora community living in 50 countries including the United States, the United Kingdom, Australia and Canada. Reports show that 80pc of remittances are coming through informal and unregulated channels. In the 2016/17 fiscal year, the country received nearly four billion dollars in remittances.

Published on Aug 18,2018 [ Vol 19 ,No 955]



Political transformation is unavoidably rocky, if not delicate. It invo...


Oil transporters are up in arms over tariffs set by the Ministry of Tra...


The cosiness between the Ethiopian authorities and...


The National Bank of Ethiopia has recently made available its fourth-qu...


One hundred years ago today, at the 11th hour of the 11th day of the 11...


The Addis Abeba Transport Authority and Ride, a popular and an up-and-c...

View From Arada

The private sector is more efficient and customer-oriented than governm...


Editors Pick