Online Business in Ethiopia In International Money Transfer Service Arena
by: ePort Total views: 28 Word Count: 555
ePort accepts online money transfer order from any part of the world to Ethiopia. To initiate money transfer order, all major credit cards, debit cards, bank checks, wire transfer and other domestic cards can be used by customers. The order that is received is paid out in over 1, 000 local bank and post office branches throughout Ethiopia. If the beneficiary chooses payment can also be made in its head office in Addis Ababa.
Historically, in its modern form, international money transfer in Ethiopia started many years ago by Ethiopian Airlines and Ethiopian Shipping Lines with a service very much centered on to their own major business activity but not focused to attract a broad customer base. It was also solely based on walk in service in their offices. ePort Money Transfer has given a new dimension to the business by starting an online service built on its own web system and tailored to serve the general public. This just in time venture with the ever growing popularity of the World Wide Web and the internet will have serious positive implications to the customers needing such services, the country at large and in the global competition of the money transfer business.
The fact ePort is a business established in Ethiopia provides it unique advantages to be competitive in the remittance order from abroad to Ethiopia. First, low labor cost and simplified organizational structure enables the business to reduce business expenditure and provide services at lower cost than foreign based companies. Currently the international transfer fee charged by ePort is in average 60% less than other foreign based companies in the business. Second, ePort has achieved to establish wider collaboration with local banks, post offices and other businesses to a degree unparalleled. Currently, ePort uses over 300 banks and about 500 post office branches and other businesses as payment locations; more than ten times larger pay out locations than any other money transfer business operating in Ethiopia.
The founder and director of the business Dr. Shewaferaw Solomon has said “ePort Money Transfer shows a significant landmark in remittance service in Ethiopia and will bring a stiff competition to global money transfer giants such as Western Union, eMoneyGram and others operating in the nation to a larger scale. I am pleased so far with the progress we have made and our business will continue to grow. I strongly believe we will be successful in this endeavor. So far the staff commitment and the customer satisfaction response are promising. We would like to further strengthen our collaboration with local banks, post offices as well as work with National Bank of Ethiopia to make Ethiopian based businesses to be a leading participant in the international money transfer businesses by seizing current advances on the World Wide Web technology and its improved accessibility in Ethiopia. The growth of a business like ePort Dr. Shewaferaw added will help to create more job opportunity, increase revenue and build knowledge and skills in the country.”
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