Flutterwave Founder & CEO, Olugbenga ‘GB’ Agboola announced that the company has successfully partnered with Amole. Amole is Ethiopia’s largest mobile digital wallet platform that facilitates money transfer into Ethiopia. This is to be done via Amole Wallet, bank accounts, and cash pickup locations at over 2500 locations.
The Amole Wallet is a mobile money app owned by Dashen Bank. It provides its customers with digital payment capabilities and access to digital products and services to enable users to complete essential transactions at their convenience.
Olugbenga, Founder and CEO of Flutterwave said,
“I am delighted that our agreement with Amole to facilitate money transfer into Ethiopia through its mobile platform will facilitate remittances for financial inclusion and e-commerce in Ethiopia.”
“Our partnership will also look to serve the Ethiopian economy by making diaspora remittances easier for over eight million members of the Ethiopian diaspora that remit more than USD 5 billion to Ethiopia every year.”
“Our collaboration will look to extend financial services to the unbanked communities which, according to the National Bank of Ethiopia, represent over 75% of Ethiopia’s population, as we expand business opportunities for SMEs in the country while providing access to secure and regulated channels for Ethiopian diasporas to send instant money transfers directly. This is our mission, “ he added.
Asfaw Alemu, CEO of Dashen Bank, said:
“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 eCommerce in the near future