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Kacha in the Digital Finance Sector: "Personal Payment Document Issuer"

#Ethiopia Kacha Digital Financial Services Stock Company engaged in digital finance services in Ethiopia; He announced that he has started working in full capacity as the first "issuer of personal payment documents" in the country.

Kacha Digital Financial Services, which received its pilot license from the National Bank in June 2022; He stated that he has been conducting the trial application using different levels and service options.

In this way, after successfully completing the cooperation with various banks and mobile money transfer service providers, and getting the permission from the National Bank of Ethiopia to start the services at full capacity; He announced the launch program yesterday.

Following this, a signing ceremony was held at Kachana to work together with various banks, microfinance institutions and other strategic partners.

In addition, Kacha has partnered with international remittance providers to facilitate secure foreign remittances. He stated that a system has been developed for both senders and receivers to have access to additional financial services.

This unique operating system avoids the high costs of international remittances in dealing with various financial institutions and depositing funds; It is a system where you can transfer money to all bank and mobile money accounts through working partnership with Kacha.

It has been pointed out that the implementation of this service will open the door for Kacha's partner banks to earn more foreign currency.

Kacha offers money transfers, digital loans, cardless withdrawals through ATMs and agents, airtime top-ups and secure, comprehensive services.