CBE launches Cash Go Int’l remittance application

Addis Ababa, April 8, 2023 (FBC) – The Commercial Bank of Ethiopia (CBE) in partnership with Golden Coffee Roastery PLC has launched a CashGo international remittance service application.

The Bank’s CEO Abe Sano on the launching ceremony said that the application helps Ethiopians to send money easily to their families, friends, and relatives swiftly using their cell phones.

CBE customers can send and take their money easily from countries such as Canada, Israel, America, Italy, South Africa, Sweden, UAE, England and Saudi Arabia via MasterCard and Visa card, he has indicated.

“Black market has severely impacted the availability of foreign currency,” the CEO added.

Customers can easily access their money via 1,850 branches across the country with 10 percent bonus till the next month, he has disclosed.

He also stated that this mobile app would be a paramount importance for the development of the country adding that the new app can be easily downloaded from App Store and  Play Store.

CashGo CEO, Tewodros Shiferaw on his part said that the app will save extra service fee that would be paid for foreign remittance offering agents such as world remit, Western Union and the like.

The CEO further stated that the new branding app CashGo and Ethio Direct are developed by Ethiopian experts help increase the revenue earned from remittance, curbs hard currency shortage and it also enhances the national economy.”

Clients from the above mentioned countries could send their money staring from 5 up to 1,000 USD at a time with zero percent charge. So far, some 50,000 users accessed their account using this bold app, it was learnt.