Ethiopia Hits 9.7 Trillion Birr in Digital Transactions

Efforts are also underway to expand digital use cases beyond payments to include digital savings, credit, and investment.

ZamZam Bank Kicks Off Sharia-Compliant Digital Finance in Partnership with Kifiya

ANSAR is one of the few Sharia-compliant digital lending solutions in Ethiopia, serving both individuals and Micro, Small, and Medium-Sized Enterprises (MSMEs).

Arifpay Introduces Suite of Solutions

The lineup includes three key tools: Arif QR, the Arif Merchant App, and the Arif Terminal Management System (TMS).

Regulatory Hurdles Propel Ethiopian Fintech Startup to Neighboring Markets

The digital credit scene does not have a regulation governing the landscape, and current fintech players like Kifiya and even the likes of telebirr have to partner with banks to provide the service.

Two-Year-Old Fintech Startup SantimPay Posts 86 Million Birr Profit

With an Earnings Per Share (EPS) of 337.87 birr, SantimPay delivered notable returns to its shareholders.

Ethiopia Mandates Standard QR Code for Digital Payments

Merchants will only need to display one QR code to accept payments from any participating bank or financial provider.

Hijra Bank Unveils Full-Fledged Sharia-Compliant Digital Lending Platform

According to the latest central bank figures, there are over 22 million interest-free accounts in Ethiopia, holding nearly 205 billion birr in deposits.

SantimPay Launches Fundraising platform

The company currently handles around half a million transactions daily, amounting to 110 million birr.