NBE licenses ArifPay fintech startup
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.