AMOLE

Named after a salt-bar currency used in ancient Ethiopia, ‘AMOLE’ is the result of careful planning by Moneta Technologies and Dashen Bank, and support from CR2’s digital banking platform, BankWorld. It allows both consumers and businesses to access an extensive range of electronic payments and P2P money transfer options, across one of Africa’s largest and fastest-growing economies.

For banks like Dashen, AMOLE offers incredible potential: lead a country’s drive to financially include millions; process high volumes of new customers; dramatically increase deposit mobilisation, domestic payments and international transfers; and ultimately, position the bank as the dominant force in Ethiopia’s payment space.

AMOLE's challenge is significant: sign up 17 million smartphone users by 2023 and digitally transform their lives.