Dashen Bank in Ethiopia has entered into a partnership with Thunes to facilitate fund transfers to the country.

The move will enable customers to send cross-border remittances directly to Dashen Bank’s bank accounts. The service will also support direct transfers to the Dashen Bank’s mobile money solution Amole wallets.

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Thunes Global Head of Networks Andrew Stewart said: “We are delighted to partner with Dashen Bank, one of Ethiopia’s leading banks. Thunes continues to invest in and grow our network in the world’s fastest growing economies.

“Our global partners can now give their customers enhanced access to this important corridor in Africa with faster and more convenient transfers. We look forward to working with more local players to simplify cross-border transfers for their customers.”

Headquartered in Addis Ababa, Dashen Bank is one of the biggest private banks in Ethiopia offering conventional and Sharia compliant banking services

It operates more than 400 branches.

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Dashen Bank CEO Asfaw Alemu said: “We are pleased to partner with Thunes, a trusted global leader in the cross-border payments landscape. This technology-powered solution gives Dashen Bank’s customers fast and convenient access to overseas funds via bank accounts and Amole mobile wallets.

“It’s another positive step towards our goal of transforming Ethiopia’s financial services sector and delivering innovations to serve our customers’ needs better.”

Last month, Thailand’s Siam Commercial Bank (SCB) partnered Thunes to enable real time fund transfers.