If you are searching for a reliable, fast, and cost-effective way to send money to Ethiopia then you have come to the right place. In today’s interconnected world, using international money transfer services has become a norm. Remittance comes in various forms but typically it signifies the amount that expats regularly send to support their families back home.
This monetary support has a far-reaching impact on both the health and education sectors. Ethiopians living abroad stay connected to their families and transfer considerable funds to support them. However, with the availability of multiple options, it gets confusing at times to select a hassle-free and convenient service to transfer money.
MasterRemit offers a safe and quick way for a secure international money transfer. This article provides an inclusive guide, simplifying how to send money to Ethiopia and other African nations.
Sending Money to Ethiopia:
Located in the Horn of Africa, Ethiopia is one of the largest and densely populated countries in Africa. It is amongst the world’s ancient nations, with archaeological discoveries unearthing some of the earliest human ancestors. With such abundant history and large population, Ethiopia is one of the thriving economies in the African region.
The World Bank estimates that the Ethiopian diaspora is living in 85 different countries across the globe. Ethiopia’s remittance inflows contribute a significant portion to the economy. To cater to the needs of the diaspora, several money-transfer channels are operational including bank deposits, cash pick-ups and popular real-time transfers through mobile wallets such Amole, CBE Birr, HelloCash and TeleBirr.
Nonetheless, the variety of remittance services baffles users, hence a quick user-friendly guide is given below to understand the simple money transfer process via MasterRemit.
Why Choose MasterRemit?
With numerous remittance services available out there, why choose MasterRemit? Let’s take a closer look at some major factors that make MasterRemit an ideal choice for international money transfer.
1. Speedy Transfer:
Imagine the relief of sending money to your loved ones within minutes, especially in case of an emergency. With MasterRemit your transfer is never delayed as it ensures unmatched speed and ease.
2. Affordable & Transparent:
MasterRemit understands the need for affordability and offers an economical online money transfer service. There are no hidden fees that customers normally deal with occasionally while using remittance services. The process is transparent in terms of exchange rates and fees.
3. Easy to Use:
It offers a user-friendly interface with its web platform and mobile app making the money transfer process simple and straightforward.
4. Secure & Reliable:
While using an international remittance service for the first time, customers are concerned about security. MasterRemit has advanced security measures in place to keep your funds and personal information protected and encrypted.
5. Worldwide Reach:
Whether you are sending money to Ethiopia or any other African Nation, MasterRemit expands its reach even to remote areas. With just an internet connection, people can send or receive money worldwide.
6. Versatile Transfer Options:
MasterRemit gives you flexibility with a diverse range of options for sending money including credit cards, debit cards, bank transfers, and even digital wallets.
7. Competitive Exchange Rate:
It offers competitive exchange rates both for the sender and receiver with no hidden charges. MasterRemit ensures the money transfer process is transparent and economical.
8. Notification & Tracking Feature:
By using MasterRemit, you can monitor the whole transaction process with its tracking option. Both the sender and receiver will get important notifications.
9. Outstanding Customer Service:
MasterRemit provides exceptional customer service with its qualified staff ready to help you with any queries, guidance, or issues that you might face during the money transfer process.
Also Read: How to Send Money to Nigeria Safely and Swiftly: Your Reliable Way to Transfer Money
How to Use MasterRemit to Send Money to Ethiopia:
After acknowledging these benefits of using MasterRemit services, let’s understand the step-by-step process. Just follow these simple steps listed below:
Step 1: Creating MasterRemit Account
If you are using MasterRemit for the first time, you need to create an account on the platform. Enter your contact details with confidence. It complies with privacy and data protection rules, ensuring the security of your details.
Step 2: Account Verification
The next step is to go through identity verification which is a standard international requirement for security and compliance purposes. After account verification, you can initiate the process to send money online to Ethiopia or any other African Nation.
Step 3: Recipient Country Selection
If you need to send money to Ethiopia, select it as your recipient country. Ensure the correct recipient country to begin the transfer process.
Step 4: Selecting The Transfer Amount
After entering your recipient’s details, enter the amount that you wish to send. The process is transparent, the exchange rate and the exact amount your recipient will receive will be displayed to you before you confirm your transfer.
Step 5: Transfer Method’s Selection
MasterRemit offers a range of transfer methods including bank transfer and mobile wallet. Some recipients choose to get their money via bank, while others find the mobile money option more appropriate. It depends on which option you and your recipient prefer.
Step 6: Entering Transfer Details
The next step in the process is to carefully enter your transfer details. Enter the recipient’s contact details, bank or mobile wallet details, and the amount you want to transfer.
Step 7: Make your Payment
For customers’ convenience, MasterRemit provides multiple payment options including debit/credit card, and bank transfer, select the one that suits you best.
Step 8: Review and Confirm
After making the payment, review all the details to avoid any errors. Once you have verified all the details, confirm your transfer.
Step 9: Tracking your Transfer
MasterRemit values customer’s satisfaction and peace of mind. It offers a tracking option to keep the customer updated about the status of their money transfer. Moreover, you can also inform your recipient and provide them with any details if needed.
Step 10: Funds delivered
Your recipient will receive the amount within minutes or in some cases hours depending on the kind of selected method. They can easily access the money through a bank account or mobile option.
After reading this comprehensive guide, you now possess a sheer understanding of how to send money to Ethiopia and other African Nations.
MasterRemit with its reliable, cost-effective, secure, and swift services makes a perfect choice for any international transaction. You won’t regret using this platform; in fact, it’s going to be a pleasant experience for you.