Thunes, a leading global payments network,  today announced a partnership with Dashen Bank that makes it quicker and cheaper to  send money to Ethiopia from around the world, directly to their bank accounts and Amole  wallets. 

Previously, customers making international money transfers and remittances to Ethiopia  faced a slow, unreliable and expensive transaction process. Now, people can transfer  money to Ethiopia instantly at more affordable rates using Thunes’ network of sending  partners which operates in more than 100 countries. 

For added convenience, customers and businesses in Ethiopia will be able to receive  funds straight into their bank accounts or in real time into their Amole wallets - the mobile  money solution from Dashen Bank. 

The cross-border payment solution will boost financial participation in Ethiopia as more  people are expected to open bank and Amole wallet accounts to receive easy overseas  payments. The enhanced remittance service will also boost the inflow of much-needed  foreign currency to the country’s economy, where funds sent from abroad are a vital  lifeline for many communities.  

“We are delighted to partner with Dashen Bank, one of Ethiopia’s leading banks. Thunes  continues to invest in and grow our network in the world’s fastest growing economies.  Our global partners can now give their customers enhanced access to this important  corridor in Africa with faster and more convenient transfers. We look forward to working  with more local players to simplify cross-border transfers for their customers,” said  Andrew Stewart, Global Head of Networks at Thunes.  

Asfaw Alemu, CEO of Dashen Bank, commented, “We are pleased to partner with  Thunes, a trusted global leader in the cross-border payments landscape. This  technology-powered solution gives Dashen Bank’s customers fast and convenient access  to overseas funds via bank accounts and Amole mobile wallets. It’s another positive step towards our goal of transforming Ethiopia’s financial services sector and delivering  innovations to serve our customers’ needs better.”