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Erudite AfricaCenter of Excellence
← International Money Transfers and Remittances

Channels and players

Module 02 / 5 · 50 min

How MTOs, bank-to-bank SWIFT transfers, wallets and agents move money into Ethiopia, and how to choose the right payout channel for each customer.

In this module you will learn to

  • Describe how an MTO transfer moves from sender to payout
  • Explain a SWIFT transfer, correspondent banks and the OUR, SHA and BEN charge options
  • Explain wallet payout and the wallet limits that apply
  • Describe the role of agents and the NBE approval behind agency agreements
  • Match a customer's needs to cash, account or wallet payout

Built on

  • Erudite Africa course specification: 1.m International Money Transfers and Remittances, Level 1 Beginner (Ethiopian context module, October 2026)
  • NBE Directive No. FXD/01/2024 and its amendment FXD/04/2026; NBE Proclamation No. 1359/2025
  • National Payment System Proclamation No. 718/2011 as amended by No. 1282/2023, and NBE Directive No. ONPS/09/2023 (as reported)
  • AML/CFT Proclamation No. 780/2013 (as reported), the NBE KYC/CDD directive and FATF Recommendation 16
  • NBE Directive No. FCP/01/2020 on financial consumer protection (as reported)
  • Erudite Africa training module: Domestic Banking Operations (October 2026), for diaspora account and incoming remittance procedures

Examples and companies are fictional. Bank practices are shown as typical Ethiopian practice, not as any one bank's policy. Always apply your own institution's approved policy and the current NBE directives.