![]() ![]() ![]() Recipients of Taptap Send transfers can assess monies via mobile money providers like Amole and Hello Cash without the need to leave their homes or travel to traditional banks.īeing able to access financial services without leaving the comfort of home is not only safer and less stressful, but it also helps local businesses thrive in these pandemic times. The Ethiopian diaspora can send money back home legally, quickly, and securely at great rates with no commission. The use of legal money transfer routes like Taptap Send reduces the use of the informal sector and illicit financial inflows into Ethiopia. Taptap Send is set to boost financial inclusion efforts by launching its services to allow money transfers from Europe and the US to Ethiopia. This money is partly responsible for the prevalence of criminal activities, corruption, and illicit financial flows. The cash-intensive nature of the financial economy has allowed for an amount of money to circulate outside the formal financial system. Sustained, prudent, and responsible financial inclusion contributes to financial and monetary stability, helps to combat anti-money laundering risk, supports accelerated economic growth, greater prosperity, and social development. Reduction in poverty, growth in gross domestic product, and increased financial inclusion are some of the key achievements of economic progress. Over the past decades, Ethiopia has made substantial progress in economic growth and has become one of the fastest-growing economies on the continent. The fast-growing no-fee money transfer service Taptap Send has announced it has launched its services to Ethiopia.Įthiopia has worked hard for many years to improve financial inclusion by increasing the percentage of adults who can transact in the financial sector. ![]()
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