Cash Go, one of Ethiopia’s premier digital remittance platforms, has returned with features suited to the floated currency. The financial platform owned by Eaglelion System Technology debuted its updated features two days ago with exchange rate offerings reflecting banking industry amounts.
Cash Go had temporarily paused its service when the Ethiopian government floated the Birr.
Bersufekad Getachew, founding CEO of Eaglelion explained that the exchange rates respond to the figures realized by the commercial banks integrated into the system.
“There are no transaction fees,” he told Shega.
The app offers bank transfers directly to branches and cash pick-ups with the latest exchange rates depicted from three local banks. Ethiopia’s biggest bank the state-owned Commercial Bank of Ethiopia, Dashen Bank, and the Bank of Abyssinia (BoA) are available via the Cash Go app. The company also has agreements with Visa, Mastercard, and American Express with the app available for both Apple and Android devices.
As soon as users enter the amount in US dollars an equivalent figure in Birr is automatically generated. Moreover, when the money is sent it instantly arrives in the receiver’s account.
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