The Commercial Bank of Ethiopia (CBE) launched an international remittance service phone application called CashGo in collaboration with Golden Coffee Roastery PLC. The app will allow customers of CBE to remit money from countries such as Canada, Israel, America, Italy, South Africa, Sweden, UAE, England, and Saudi Arabia using their mobile phones via MasterCard and Visa Card.

Customers of the bank can send money to their families and friends using the app starting from USD five to one thousand. Those who receive money which is sent via the app in the coming month will be beneficiaries of a 10% bonus.

CashGo is developed by Ethiopians and will save CBE customers from service fees which are usually paid for international remittance agents such as World Remit and Western Union. It is also expected to reduce the hard currency shortage in the country by opening the door for increased remittance.

The app can be accessed on App Store and Play Store.

Source (including image): Fana BC