CBE launched CBE Connect Digital Wallet to channel diaspora remittances.
The platform targets capturing part of $35 billion annual remittances.
Only 22 % ($7.2 billion) of remittances currently flows through formal channels.
NBE granted exclusive Dollar Wallet rights for digital foreign-currency holding.
API gateway enables 1–2 day global fintech integration with Ethiopian banking system.
Why it matters: The new platform represents a policy shift toward formalizing remittances and strengthening foreign exchange inflows, potentially reducing reliance on informal channels and costly intermediaries in Ethiopia’s payments ecosystem.