African money transfer company Dahabshiil has forged an alliance with M-PESA Safaricom-Ethiopia to facilitate remittances for the Ethiopian diaspora.
The agreement, which was signed in Addis Ababa, would allow Ethiopians living abroad to send money straight to family members or friends' M-PESA mobile wallets.
According to a joint statement, this agreement would improve the remittance process, resulting in speedier transactions and increased security.
Musse Mohamed, Ethiopia's representative in Dahabshiil, said: "This relationship enables us to fulfill our aim of providing accessible and dependable financial services by using M-PESA's growing client base. Together, we're making it easier and safer for Ethiopians living overseas to help their family at home."
Founded in 1970, Dahabshiil has its roots in Somalia and has since expanded its services to serve customers all around the world.
The company's primary focus is on facilitating money transfers to and from other countries, with a significant emphasis on helping the African diaspora and communities across the continent.
Anthony Kangethe, acting chief digital financial services officer for M-PESA Safaricom, stated that the new relationship will provide Ethiopians with a secure and convenient means to transfer and receive money.
He said: "We share a vision of promoting financial inclusion and driving economic development. This new service will give Ethiopians a secure and convenient means to send and receive money, empowering individuals and families.”
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