we all known most of the Ethiopian Somali region, did not have legal money
transfer service. The regional community were used to carry their money in their
pocket with huge risk they were facing. As long time effort, the SMFI enabled
to opened local money transfer service throughout the region 1/4/2013. After
these services was started, the regional community enabled to use the fast
money transfer service, with low price transaction which alleviate them to
overcome from the risk they were experienced and eventually booms their
business activities as well as the regional economy development. Starting from
1/2/2013 up to date, very large number of the communities benefited from the
money transfer service.
Father more, money transfer
service among the 42 branches amounts to six million birr daily (6 Million).