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Flutterwave has partnered with Amole to facilitate money transfers into Ethiopia. Through this agreement, Amole Wallet users will be able to send money to bank accounts and cash pickup locations at over 2,500 locations across the country.
This news comes at a time when many remittance services in Ethiopia today are seen as too expensive, with manual paperwork and delays making it challenging and time-consuming. The partnership is expected to solve these problems by providing instant delivery of funds to the receiver at no fee, with more control of where and how to send money, including transparency from a regulatory standpoint.
Speaking on the partnership, Flutterwave Founder & CEO, Olugbenga ‘GB’ Agboola says, “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.”
To make payment via this new service, a sender outside Ethiopia inputs the details of the receiver in Ethiopia, the payment destination (Amole digital wallet, bank account, or cash pickup location anywhere in Ethiopia), and the security question and answer with which the receiver can access the funds if the preferred payment destination is via an Amole authorized agent.
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