The tiny money App running ahead of M-Pesa in EthiopiaMoneta Technologies Chief Executive Yemiru Chanyalew during an interview at the Standard Group headquarters. One of these providers slowly building traction in Ethiopia is a small payments app called Amole. SEE ALSO :Mobile money transactions fall on new taxesMerchants also double up as agents and regulations prohibit registering an agent business without having an established enterprise. “Merchants take the burden of cost because the more people use the app the more transactions and more money they make. He said waiving transaction costs for users also reduces friction in using the app since app charges often serve as a deterrent to many users.

Source: Standard Digital December 22, 2018 21:00 UTC