Xpress Money ties up with CBE

Abu Dhabi, July 09: Xpress Money, the leading global instant money transfer brand, and Commercial Bank of Ethiopia (CBE), one of the most prominent commercial banks in Ethiopia, have entered into a joint agreement wherein CBE would now provide Xpress Money service through its widely networked branches.

This new association between Xpress Money and CBE would be beneficial to Ethiopian expatriates as they would be able to send money instantly and conveniently from anywhere across the globe to Euthopia.

Xpress Money’s MD and CEO, Dr. B R Shetty, said: “This arrangement would be beneficial to both CBE and Xpress Money as CBE is one of the leading banks in Ethiopia with about 205 branches, which would help us to provide our services to a wider base of Ethiopians.”

He added: “CBE has reliable and long-standing relationships with many internationally acclaimed Banks throughout the world. We are glad to be part of their mission to profitably play a major role in the financial service cost-effectively for all sectors of the economy and thereby support the long term development of the nation.”

Senior officials at CBE termed the association to be a positive move as Xpress Money is widely accepted among customers who call for speed and reliability of money transfers and convenient payout networks, and its presence has been mounting across five continents in recent years. Its agent network includes many prestigious banking and non-banking entities. Moreover, unparalleled customer service and excellent product propositioning are integral factors of the brand loyalty that Xpress Money enjoys.
Currently, Xpress Money is an unrivaled instant money transfer brand much ahead of its competitors because of the unparalleled features it offers including its niche positioning as an "affordable instant money transfer service", payment confirmation through SMS messaging to the sender upon payment collection by the beneficiary, and strategically located pay-in and pay-out locations covering the major residential and commercial hubs across the world.