Ethiopia is exploring various opportunities brought about by digital payments and specifically the use of Amole Wallet, the pioneer mobile payment platform offered by Dashen Bank.
Amole has signed up over quarter a million subscribers since it launched in July 2018 and will offer the community farmers, rural cooperatives, regional governments and NGO’s a digital commerce platform.
Amole will be used to pay farmers for seeds and services, pay workers salary, buy goods and credits from rural cooperatives; all will have access to Dashen Bank’s extensive branch network, mobile money agents and Amole merchants to financially include the half a million community farmers into a digital ecosystem.
For example, at an event ceremony held at Hilton Hotel Addis Ababa, API Renewable Energy, PLC and Moneta Technologies, SC signed an agreement to use “Amole” for payment of seeds and services to community farmers.
The goals of API are to rehabilitate degraded lands, create large-scale employment and improve the region’s environment while financially including over half a million farmers using “Amole” digital wallet.
API and Amole will jointly develop additional opportunities in digital payment capabilities for API’s entire supply and demand chain business.
Marcos Bitew, CEO of API, said, “API and Amole partnership will bring financial inclusion for the unbanked and underbanked farmers, API is happy to partner with Amole, our goal for creation of over half a million farm jobs would result in tremendous benefit for the local communities.”
Partnering closely with local communities, API invested in seedling development, nursery bed preparation, planting, caretaker training and education of local farmers regarding the benefits of cultivating biofuel crops. This API effort—the first initiative of its kind in the region—resulted in the world’s largest plantation of Jatropha with 1.4 million hectares and the creation of over half a million farm jobs.
The community provides labor during land preparation and planting, protects the project area from animals and harvests and supplies Jatropha oil seeds. API buys Jatropha seeds from the community farmers and will provide daily and monthly salaries of project workers through Amole.
“By introducing Amole with such initiatives like API’s, we are enabling commerce in the rural communities by supporting farmers, cooperatives, local government, NGO’s and merchants in a sustainable digital ecosystem that goes beyond payment transactions,” said Yemiru Chanyalew, the CEO of Moneta Technologies, SC.
“There are many kinds of digital services we can enable with Amole to support the rural communities to create jobs, enable commerce, facilitate pension payments, provide micro insurance and lending plus much more…” Yemiru added.
Dashen Bank, the leading private digital bank in Ethiopia, pioneered electronic banking in Ethiopia and is the only bank accepting the four payment card schemes (Amex, VISA, MasterCard, and UnionPay).