About Arifpay

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What is Arifpay?

What is Arifpay?

Arifpay Financial Technologies S.C. is a financial institution licensed by the National Bank of Ethiopia providing digital payment solutions, ArifPOS and ArifGateway. Arifpay is Ethiopia’s first Point of Sale (POS) Payment System Operator (PSO) with payment solutions for smartphones, POS and QR payment terminals. Arifpay also holds a license to provide payment gateway solutions including utility bills, airtime top up eCommerce, school fee processing etc. Arifpay offers innovative, secure and easy to implement digital payment solutions for MSME merchants, banks and customers, working through commercial partners.

Arifpay’s history

Timeline and milestones

2017
Venture inception
2018
Angel investors believed in the venture and invested
2019
MVP, product development, and market fit
2020
Continuous improvement, lobbying with government bodies and regulators
2021
2021
MAR
Established as a share company by founding shareholders with 140m Birr ($3.1m) capital
2021
2021
NOV
Arifpay obtains two licenses from the National Bank of Ethiopia (NBE) as the first Payment Service Operator in Ethiopia.
2022
2022
NOV
Arifpay obtains its commercialization letter from the NBE