Smilepay, a digital remittance platform and a proud portfolio company of Kazana Group, is happy to announce the official launch of its global money transfer service following regulatory approval from the National Bank of Ethiopia (NBE).
With this approval, Smilepay is formally authorised to offer cross-border remittance services in accordance with all applicable Ethiopian financial legislation. The platform is currently operational and provides a simple, quick, and safe means for people and companies to transfer money to Ethiopia from any location in the globe. With Smilepay’s existing integrations with 29 Ethiopian banks, users can reliably transfer money to local bank accounts or mobile wallets. The platform is perfect for both personal and professional use because it was developed with a strong emphasis on affordability, ease of use, and safety.
“Smilepay is unlocking a new chapter of financial connectivity for Ethiopians at home and abroad,” said MulukenM. Bekele, CEO of
Smilepay
. “We are honored to have earned the trust of the National Bank and are fully committed to delivering safe, fast, and transparent remittance solutions. Continuous innovation is our north star—Smilepay isn’t here to follow trends, but to create them. Whether through traditional channels or next-generation digital rails, we’re building a future where anyone, anywhere, can move money with ease.”
“This milestone reflects our unwavering commitment to driving financial innovation across Africa. Smilepay’s licensing is more than a business success—it’s a step toward empowering communities and strengthening economic ties between the Ethiopian diaspora and their homeland.” Addis Alemayehou, Chairman, kazana Group.