Ecommerce :: Online Business in Ethiopia ePort is a new and growing online business registered with Nifas Silk Sub City Trade & Industry Minster, Addis Ababa, Ethiopia with license # 08/1/3/14392/20. Its head office is located in Lafto Kifle Ketema, Goffa Sefer, Addis Ababa City.
ePort accepts online money transfer order from any part of the world to Ethiopia. To initiate money transfer order, all major credit cards, debit cards, bank checks, wire transfer and other domestic cards can be used by customers. The order that is received is paid out in over 1,000 local bank and post office branches throughout Ethiopia. If the beneficiary chooses payment can also be made in its head office in Addis Ababa. Historically, in its modern form, international money transfer in Ethiopia started many years ago by Ethiopian Airlines and Ethiopian Shipping Lines with a service very much centered on to their own major business activity but not focused to attract a broad customer base. It was also solely based on walk in service in their offices. ePort Money Transfer has given a new dimension to the business by starting an online service built on its own web system and tailored to serve the general public. This just in time venture with the ever growing popularity of the World Wide Web and the internet will have serious positive implications to the customers needing such services, the country at large and in the global competition of the money transfer business. The fact ePort is a business established in Ethiopia provides it unique advantages to be competitive in the remittance order from abroad to Ethiopia. First, low labor cost and simplified organizational structure enables the business to reduce business expenditure and provide services at lower cost than foreign based companies. Currently the international transfer fee charged by ePort is in average 60% less than other foreign based companies in the business. Second, ePort has achieved to establish wider collaboration with local banks, post offices and other businesses to a degree unparalleled. Currently, ePort uses over 300 banks and about 500 post office branches and other businesses as payment locations; more than ten times larger pay out locations than any other money transfer business operating in Ethiopia.