PayWay Ethiopia, one of the fastest growing digital payment platforms, has signed a funding agreement with the LI-WAY programme to facilitate job creation opportunities in the country.

LI-WAY is a five-year poverty reduction programme established by a consortium led by SNV Netherlands Development Organisation, MercyCorps (a humanitarian organisation based out of Portland, USA), TechnoServe (a tech firm that promotes business based solutions to poverty based out of Washington D.C., USA), and Save the Children International.

The main goal of the program is to implement policies that drive sustainable poverty reduction, social stability, and improved gender relations. In Addis Ababa, the program, named LI-WAY Digitial Payments for Jobs Creation Intervention, aims to improve the livelihoods of 200,000 people, 50 percent of them women and 75 percent of them youth.

As such, the agreement fund provides PayWay with an undisclosed six-figure fund. The fund will be used to create jobs for payment agents in Addis Ababa and allowing target populations to receive professional training in the finance sector, increase their incomes, and have better access to economic opportunities.

PayWay currently has 50 operating partners but it aims to increase this number to 1,000 using the funding from LI-WAY.

Other implementing partners are Awash Bank and IceAddis.


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