Dashen Bank, one of the most profitable private financial institutions in Ethiopia, has signed a deal with Thunes, a global payment network, to facilitate international transfers quickly with an affordable rate.
The B2B company will use its solution to connect Dashen with mobile wallet providers, banks, technology companies, and money transfer operators operating in more than 100 countries and 60 currencies.
Customers of Dashen can receive money from abroad into their account using a lot of money transfer platforms registered and active under Thunes.
"It will give customers fast and convienent access to overseas funds via bank accounts," said Asfaw Alemu, President of Dashen.
Western Union, Remitly and Ria Financial Services are among partners of Thunes.
"Our priority is to continually expand our network coverage to give our partners better access and increased payment options," said Sandra Yao, Senior Vice President of Thunes for Africa.