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Wegagen Bank Takes Account Opening Digital with New Mobile App

Wegagen Bank has officially launched its new mobile wallet service in collaboration with E-Birr Mobile Financial Services, offering customers a seamless way to manage their finances on the go. With the launch of this service, users can open wallet accounts, transfer funds, make payments, and manage their accounts without the need to visit a branch. The service is accessible via the E-Birr app, available for download on the Play Store or App Store, or through short text messages.

During the ceremony,Yehwalashet Zewdu, Executive Director of Enterprise Services at Wegagen Bank, highlighted the transformative impact of the new mobile wallet, emphasizing that it will allow customers to transfer money and make payments anytime and from anywhere. He further added that the launch of Wegagen’s E-Birr mobile wallet will significantly expand the bank’s reach and foster greater inclusivity in the financial sector.

Bewket Tafere, Chairman of the E-Birr Mobile Financial Services Board, also spoke at the event, underscoring the importance of collaboration between banks and technology providers in modernizing Ethiopia’s banking landscape. He noted that this partnership will facilitate fast, reliable, and secure transactions. He highlighted the platform’s success, revealing that more than ETB 2 trillion has been processed through e-Bir, playing a key role in enhancing financial access across all societal segments.

The mobile wallet service offers a variety of features, including the ability for customers to link their wallet accounts with regular Wegagen Bank accounts, transfer funds between accounts, and send money to other users or individuals without wallet accounts. Additionally, the service supports agent banking in areas lacking direct access to the bank. Moreover, customers can now securely make payments for a variety of services, such as mobile airtime, Ethiopian Airlines flight tickets, school fees, water services, and even horse transportation, all through the Wegagen e-Bir mobile wallet service.

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