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Dashen Bank Partners with EagleLion System Technologies to Launch Innovative Remittance Services in Ethiopia

Dashen Bank, one of Ethiopia’s leading private banks, has partnered with EagleLion System Technologies to officially launch three new remittance services aimed at strengthening financial inclusion and boosting legal money transfers to Ethiopia. The announcement was made at Sheraton Addis Hotel yesterday in the presence of key stakeholders, including officials from the National Bank of Ethiopia (NBE).

The new services—Gift-Ethiopia, Agent-Based Remittance, and API Remittance—are expected to transform the way the Ethiopian diaspora sends money and gifts back home, creating faster, safer, and more affordable channels.

1. Gift-Ethiopia: Digital Gifting Platform

Gift-Ethiopia is a web-based platform designed for the Ethiopian diaspora to send cash, gift cards, and holiday-related goods and services directly to their families. Items such as livestock, festive gifts, and other essential goods can be purchased seamlessly online, making it easier for Ethiopians abroad to celebrate special occasions with loved ones at home.

2. Agent-Based Remittance: Secure Cross-Border Transfers

This service allows licensed agents to facilitate cross-border money transfers by prefunding with Dashen Bank. The system ensures a secure, cost-effective, and efficient remittance channel, expanding access to Ethiopians who receive funds through an authorized agent network.

3. API Remittance: One Integration for Global Operators

The API Remittance service provides a single integration point for Money Transfer Operators (MTOs) and Remittance Service Providers (RSPs). It eliminates the need for multiple costly integrations with different banks. This solution supports interoperability with all Ethiopian commercial banks, enabling seamless name lookups, settlements, and real-time transaction monitoring.

Boosting Ethiopia’s Remittance Inflows

Speaking at the launch, Mamo Mihretu, Governor of the National Bank of Ethiopia, emphasized that the new platforms will significantly boost legal remittance inflows, enhance foreign currency availability, and contribute to Ethiopia’s overall economic growth.

Dashen Bank CEO, Asfaw Alemu, highlighted that the services will provide inclusive financial solutions for Ethiopians abroad, regardless of where they live or work.

This comes only months after Dashen Bank, in partnership with EagleLion System Technologies, launched the Dashen Super App, the first of its kind in Ethiopia’s banking sector.

With these latest innovations, Dashen Bank is positioning itself as a pioneer in digital financial services while strengthening the connection between the Ethiopian diaspora and their families back home.

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Dashen Bank Partners with EagleLion System Technologies to Launch Innovative Remittance Services in Ethiopia

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