NBE licenses ArifPay fintech startup

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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.

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