Moneta Technologies, Visa partner to enhance digital payments in Ethiopia

Moneta Technologies’ Amole, Ethiopia’s mobile eWallet platform, has teamed up with Visa to launch a strategic partnership that supports digital payments in Ethiopia and the region at large, according to IBS Intelligence.

The tie-up will help Amole merchants secure cashless payments in Ethiopia. The Amole eCommerce Gateway will tap the Visa Cyber Source infrastructure that supports digital payments for merchants and banks.

The collaboration seeks to take down the barriers to regional and cross-border eCommerce in the region, the report stated.

Those Ethiopian banks that have licensing from international card associations can now use the Amole eCommerce Gateway to acquire international cards online on behalf of their merchants, according to the report.

“Today, with this partnership, we can accept digital payments from anywhere,” said Moneta Technologies Founder and CEO Yemiru Chanyalew in a statement.

Amole extends APIs to assist developers in creating experiences for digital payments that offer custom checkout experiences, the report stated. Other tools include bulk transfers, airtime top-up, customer verification, and more.

It also supports localized payment channels — mobile money, USSD, mobile app, QR code and Telegram Bot payments — built into its platform that supports 8,000 merchants, according to the report.

Ethiopia softened banking rules nearly two years ago as it sought to expand financial offerings to residents changing nationalities.

Source: FBC