Arifpay Financial Technologies S.C, one of the players in Ethiopia’s financial revolution, has announced the highly anticipated launch of its upgraded payment system, Arifpay 2.0. This milestone is said to mark a significant step forward in shaping the future of financial technology and digital payments within the country.

Arifpay 1.0, launched in December 2022, has already made waves within the industry, enabling merchants across various sectors such as healthcare, hospitality, and retail to embrace digital payments through the ArifPOS system. Notably, several banks have outsourced their point-of-sale (POS) operations to Arifpay, benefiting from streamlined merchant recruitment, customer service and support, as well as POS monitoring and management. This collaboration has not only improved operational efficiency but also facilitated deposit mobilization for the partnering banks.