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Commercial Bank of Ethiopia Launches a Digital Remittance Service

CBE Ethio Direct APP 20220130

Commercial Bank of Ethiopia (CBE) announced that it had launched an app called Ethio Direct, a time efficient and easy to use digital remittance service.

The service mainly targets the Ethiopian diaspora in Canada, Israel, USA, Italy, South Africa, Sweden, UAE, UK, and Saudi Arabia. The service enables its users to send dollars to Ethiopia starting from USD 5 to a maximum of USD 1,000 using international payment cards such as MasterCard and VISA.

According to Abie Sano, the President of CBE, the service offers a safe and secure method of digital money transfer. The app can be downloaded from the App Store and Play Store.

Source: Ethiopian News Agency and Fana BC

Image source: Fana BC