By Reuters Staff
2 Min Read
May 20 (Reuters) - Africa-focused payments giant Flutterwave will partner with Ethiopian digital money and e-commerce platform Amole to make remittances from the country’s massive diaspora faster and cheaper, the companies said on Thursday.
Global users will be able to send money using Flutterwave directly into an Amole digital wallet, a bank account, or to a cash pickup location, the companies said.
Ethiopia has an eight-million person diaspora around the world whose remittances amount to more than $5 billion annually, they added.
Founded in 2016 by Nigerians and headquartered in San Francisco, Flutterwave specialises in individual and consumer transfers. In March, it unveiled a payments partnership with Paypal and said it was considering a New York listing following a $1 billion valuation.[nL8N2L63EH