The National Bank of Ethiopia has licensed ArifPay, a fintech company that makes digital payment services.
The company is based in Addis Abeba.
Founded on February 2021 by Habtamu Tadesse, a founder of Zay Ride, a ride-hailing platform in Ethiopia, ArifPay is a mobile point of sale system which will allow ATM cardholders to make electronic transactions via their smartphones.
ArifPay has raised $3.5 million in a very short time-span.
Spread the NewsIto Takako, Ambassador of Japan to Ethiopia, praised the YeJapan Menged book literary translated “Japan’s way” by Mr. Assefa Mamecha for sharing Japan’s economic successes. Recently, I met Mr. Assefa Mamecha, the author of the book “Japan’s way”. The book is about Japan’s experience of becoming a modern and developed nation, says Ambassador…
Spread the NewsThe ECA Sub-Regional Office for Southern (SRO-SA) in collaboration with the Angolan Government and the United Nations Resident Coordinator’s Office in Angola held a side event at the margins of the 54th session of the ECA Conference of African Ministers of Finance, Planning and Economic Development to offer African countries a platform for…
Spread the NewsA survey conducted by Amhara Agricultural Research Institute (ARARI) has unveiled that the shortage of market linkage for maize has affected farmers in Banja Jabitehinan district in West Gojjam Zone of Amhara region. The survey result titled “Findings of Value Chain Analysis and Market Survey in Ethiopia” has presented by Yazie Chanie, Senior…
Spread the NewsGeeta Pasi, Ambassador of the United States to Ethiopia has visited Hawassa. During her daylong visit, the Ambassador met with business leaders, workers, academics, and journalists to discuss about U.S. government programs to hear from them about their experiences in their respective fields. The Ambassador visited the Hawassa Industrial Park (HIP), the first sustainable textile and apparel…
Spread the NewsEthiopian investors are constructing the first private textile industrial park in Hawassa town, the regional capital of Sidama Regional State, at a cost of four billion birr, it was learnt. The textile industrial park will have a total of 14 sheds each resting on 11,000 square meters of land. The industrial park will…
Spread the NewsArifPay, a fintech company, has introduced new scheme, which enables Small and Micro Enterprises (SMEs) to get a loan from banks. Those SMEs have been using ArifPay, a digital transaction system — an electronic platform for small shops to manage their sales and modernize their manual inventory system. Accordingly, the SMEs can get…
