The National Bank of Ethiopia (NBE) has released the official list of financial institutions authorized to provide money remittance and transfer services in the country, reaffirming that any unlicensed operation in this sector is illegal and punishable by law.
In its announcement, the NBE emphasized that only licensed financial institutions are permitted to receive or send funds both domestically and internationally. The Bank warned that engaging with unapproved money transfer agents exposes individuals and businesses to potential fraud, financial loss, and money laundering risks.
“Remittance and transfer services must be conducted only through NBE-licensed institutions to ensure safety, compliance, and protection from legal consequences,” the statement said.
The following institutions are among those officially authorized by the NBE to provide money remittance and transfer services as of April 1, 2025:
Major Licensed Operators
Telebirr Remit, Western Union International, MoneyGram, RIA Financial Services, WorldRemit Ltd, Equity Bank (Kenya) Ltd, Onafriq, Zeepay Ghana Ltd, Small World Financial Services, Wise Trading, Safari M-Pesa, and Paypal Inc.
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