In this article, you'll discover whether Remitly operates in Ethiopia, explore some potential drawbacks if it is available, and consider various possibilities for users. Stay tuned for detailed insights.
Does Remitly Work In Ethiopia?
Remitly is available in Ethiopia, providing various services for sending money from Sweden to Ethiopia. Users can choose from multiple options such as cash pickup, bank deposit, and mobile money transfers. This flexibility ensures that recipients in Ethiopia can access their funds conveniently.
Remitly partners with several banks and services in Ethiopia, including Abay Bank, Addis International Bank, and Amole Wallet (Dashen Bank). These partnerships enhance the reliability and reach of Remitly's services, making it a viable option for those looking to send money to Ethiopia.
Fees and Charges for Using Remitly in Ethiopia
Here are some general costs that users might encounter when using Remitly in Ethiopia:
- Transaction fees: Fees charged for sending money from Sweden to Ethiopia.
- Currency conversion fees: Costs associated with converting Swedish Krona to Ethiopian Birr.
- Withdrawal fees: Charges for recipients when withdrawing money from banks or mobile money services in Ethiopia.
Is Remitly the Best Option in Ethiopia?
Even though Remitly is available in Ethiopia, it might not be the best option for users due to certain limitations and restrictions that could affect the overall user experience.
- High transaction fees: Costs can be higher compared to other money transfer services.
- Currency conversion rates: May not always be the most favorable for users.
- Withdrawal limitations: Some banks or services may impose restrictions on withdrawals.
- Service availability: Not all regions in Ethiopia may have access to Remitly's services.
- Customer support: Limited support options for users facing issues in Ethiopia.
Alternatives to Remitly in Ethiopia
1) OneSafe
OneSafe is a leading alternative payment solution in Ethiopia, offering a user-friendly interface, lower fees, and superior customer support. Key features include simple onboarding, global payments, and multi-currency support. These benefits make OneSafe a superior option for seamless and efficient financial transactions.
OneSafe Reviews
Users have praised OneSafe for its comprehensive service offerings, including ACH, Crypto, Wire deposits, and Virtual cards. Many find it to be the best bank they have used, appreciating its support for most businesses. The positive sentiment highlights OneSafe's user-friendly interface and efficient financial transactions.
2) Wise
Wise is a viable alternative payment solution in Ethiopia, offering key features such as multi-currency accounts, international money transfers, and a Wise card for spending in different currencies. Benefits include cost savings, transparency, speed, and robust security measures, making it a reliable option for managing global finances.
Wise Reviews
Wise has an overall rating of 4.7 out of 5 based on 87 reviews. Users have reported issues with money transfers being returned without notification and challenges with document approval.
Check out more Wise reviews here.
3) Paypal
PayPal offers a secure and versatile payment solution in Ethiopia, featuring encrypted transactions, global money transfers, and multiple payment options like Pay in 4 and PayPal Credit. Users benefit from rewards, cashback offers, and easy financial management, making it a reliable choice for diverse financial needs.
Paypal Reviews
PayPal has an overall rating of 4.4 out of 5 based on 2,118 reviews. Users have reported high transaction fees and issues with customer support.
Check out more PayPal reviews here.
Frequently Asked Questions about Remitly in Ethiopia
What are the transaction fees for sending money to Ethiopia with Remitly?
Transaction fees vary based on the amount sent and the delivery speed chosen.
How long does it take for money to reach Ethiopia using Remitly?
Delivery times range from minutes to a few days, depending on the service selected.
Can recipients in Ethiopia withdraw money from any bank?
Recipients can withdraw from partner banks like Abay Bank, Addis International Bank, and Amole Wallet.
Are there any limits on the amount of money I can send to Ethiopia?
Yes, Remitly imposes limits based on the sender's verification level and the recipient's location.
Is customer support available for Remitly users in Ethiopia?
Customer support is available but may be limited, affecting the resolution of issues.
Begin Your Journey with OneSafe Today!
Choosing the right payment solution in Ethiopia is crucial for seamless financial transactions. While Remitly offers various services, alternatives like OneSafe provide lower fees, better customer support, and a user-friendly interface. Explore OneSafe for a superior experience. Signup today!
