By: Goshu Melisew
Ethiopian-developed mobile payment app, FastPay, has officially launched, providing a streamlined remittance service for Ethiopians in the diaspora. The platform allows users to send up to $3000 to family and friends in Ethiopia free of charge.
Previously, sending money to Ethiopia often involved significant fees, delays, and complexities. "FastPay eliminates these unnecessary costs and hurdles," explained Fitsum Tesfaye, CEO and founder of FastPay. "It's a simple, efficient solution for connecting people across borders."
FastPay offers a comprehensive suite of financial services, including remittances, donations, and instant payments. The app seamlessly facilitates cross-border transactions, revolutionizing how users manage their finances. The CEO highlighted the app's unique ability to combine remittance, donation, and payment services in one convenient platform.
Supporting a wide range of payment options, including credit and debit cards, FastPay enables currency transfers to 135 countries. The launch marks a significant step towards improving financial access and affordability for Ethiopians worldwide.