Safaricom’s M-Pesa Partners with Dashen Bank, CashGo for Remittance Services

M-Pesa has announced a partnership with Dashen Bank and CashGo to provide remittance services. This collaboration aims to provide Ethiopians living abroad with a digital solution for sending money to M-PESA mobile wallets.

Dashen and M-Pesa are offering a 10% additional markup on average exchange buying rates for a limited time to entice new customers.

Users can utilize their M-Pesa balance for various transactions, including sending money, making merchant and bill payments, purchasing airtime and data, or withdrawing cash from authorized agents.

Speaking on the partnership, Elsa Muzollini, CEO of M-Pesa Safaricom, highlighted the importance of the collaboration, stating, "We are partnering with Dashen Bank and CashGo to enhance remittance services for our customers. This aligns with our mission to drive financial inclusion and provide innovative digital financial solutions.”

Under this agreement, Dashen Bank will serve as the exclusive settlement and acquiring bank, handling remittance transactions received via CashGo. CashGo will provide the digital remittance platform that facilitates fund transfers, while M-Pesa Safaricom ensures that customers can access their funds instantly through their M-Pesa mobile money accounts.

Cash Go, one of Ethiopia’s premier digital remittance platforms, is developed by Eaglelion System Technology.