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About Cashgo: New Remittance App For Better Foreign Exchange: Business & Economy
1) Abyssinia Bank and Sol-get Travel P.L.C have launched a new mobile app called CashGo that allows Ethiopians to easily send money to friends and relatives using their mobile phones. 2) The app is meant to capitalize on the untapped digital remittance market in Ethiopia by offering a more convenient and cheaper method for sending money compared to traditional options like banks and money transfer operators. 3) Supporters of the app believe it will increase Ethiopia's foreign exchange earnings by reducing the commissions traditionally paid to large remittance companies, filling gaps in the foreign exchange system, and encouraging the use of modern financial technologies.
Detailed Information
| Author: | ['hizkel herm'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 1 |
| Language: | English |
| Format: | |
| Price: | FREE |
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