YaYa Wallet has introduced an International Inward Remittance Service, further growing its digital payments portfolio. The Remittance service officially went live on April 12, 2025, following a successful pilot phase, and coincides with the release of YaYa Wallet 2.0, the enhanced mobile application now available to all customers.
This milestone is backed by a robust ecosystem that seamlessly connects YaYa Wallet to all Ethiopian banks and microfinance institutions via Ethswitch, enables global remittance flows through Mastercard and Zemen Bank, and broadens merchant acceptance through strategic partnerships with leading Payment Service Operators (PSOs) such as Arifpay.
“This is a major milestone for us and a game-changing moment for the Ethiopian market,” said Yohannes Belehu, CEO of YaYa Wallet. “The International Inward Remittance Service, along with the refreshed YaYa Wallet 2.0, is a direct reflection of our mission: to provide accessible, reliable, secure, and user-friendly financial solutions that cater to the diverse needs of Ethiopians. We are thrilled to offer a service that makes financial solutions like sending money, paying bills, and topping up airtime smooth and intuitive for everyone.”
After being granted a Payment Instrument Issuer license by the National Bank of Ethiopia, YaYa Wallet has focused on financial innovation. The new International Inward Remittance Service is a pivotal addition to the platform’s suite of solutions, which includes P2P payments, transfers to other banks, receiving money from various banks, airtime top-up, bill payment, bulk payment solutions, school payment, scheduled and recurring payment options, merchant payments, and “ask payment” features. All these services are built on a robust and secure infrastructure, ensuring accessibility through YaYa Wallet’s user-friendly mobile app (available on iOS and Android), as well as web and USSD (*957#) options.
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