Addis Ababa: Ethio telecom launched new international digital money transfer services in collaboration with VISA Company, world leader in digital payment technology, today.

The two sides have also signed strategic agreement to provide VISA Direct and tele birr remit services that will transform the existing international Hawala money transfer.

Ethio telecom CEO Frehiwot Tamru and VISA Company Country Manager Yared Tadele signed the deal.

The international money transfer services called ‘VISA Direct and telebirr Remit services’ which are launched today will transform the existing remittance services and enable Ethio telecom users to have virtual VISA card wallet.

VISA Direct service allows VISA card users living abroad to transfer money to their home country using the Tele Birr virtual card number.

It also enables individuals and institutions send and receive money across over 190 countries in simple, fast and convenient way.

Tele Bir Remit also enables users living abroad send money to their friends and
relatives using Tele Bir number by installing the Tele Bir Remit application on their phone.

Users can access the service by downloading the Visa Direct and telebirr RemitApps through the telebirr SuperApp.

The move is expected to boost the amount of remittance sent to Ethiopia and it is a testament to Ethio Telecom’s commitment to providing its customers with the latest and most convenient financial solutions thereby realizing Digital Ethiopia.

Source: Ethiopian News Agency