Over eight million Ethiopians in the diaspora will be served as Flutterwave expands its digital payment solution through Amole wallet, bank accounts and cash pickup locations at over 2,500 locations into the East African country.
The Africa payments technology company stated this on Thursday to announce its partnership with Amole, Ethiopia’s mobile digital wallet platform.
It said the partnership would serve the Ethiopian economy by making diaspora remittances easier for over eight million members of the Ethiopian diaspora that remit over $5bn annually to Ethiopia.
It also stated that international money transfer operators and businesses on Flutterwave, as well as Barter by Flutterwave users, could send money into Ethiopia via this partnership.
Flutterwave’s Founder and Chief Executive Officer, Olugbenga Agboola, said, “We are delighted to be collaborating with Amole to enable digital remittances and cash pickup into Ethiopia. This is another significant milestone for payments in Africa as we work together to bridge the financial inclusion gap in the country and across the continent.
“Our collaboration will ensure that Ethiopian businesses are getting paid from all over the world, opening massive opportunities for business growth, a goal we are passionate about. This is just the beginning, and we hope to deepen the discussions around our partnership to the benefits of Africans, everywhere.”
The CEO of Dashen Bank, Asfaw Alemu, noted, “We are happy to partner with Flutterwave in delivering crucial forex that will support both our customers and Ethiopia. This partnership will play an important role in delivering even more value to our diaspora community, linking them to their country with more opportunities for global e-Commerce in the near future.”
Also, the CEO of Moneta Technologies, Yemiru Chanyalew, said, “We are very excited to work with Flutterwave and leverage our combined technologies to broaden our offering to the Ethiopian diaspora community, our customers and merchants to enable cross-border remittance and commerce. At Amole, we are increasingly focused on cashless and e-Commerce payments. Our combined efforts in enabling seamless and interoperable remittance and e-Commerce payments will drive much desired financial inclusion in Ethiopia.”
