FinTech

Premier Switch Solutions Posts Modest 4% Net Profit Growth Amid Birr Depreciation, Inflation Pressures

Premier Switch Solutions has reported a 4% rise in profit to 88.8 million Br, holding off fee increases even as the Birr depreciated 170% and inflation sustained.

Arifpay Launches MFI Switch and Wallet as Sector Pushes Toward Digital Services

The tools connect MFIs to the national payment system and allow clients to manage loans and savings digitally.

Berhan Bank, SantimPay Sign Deal to Deploy PoS Devices Across Ethiopia

SantimPay and Berhan Bank have partnered to deploy low-cost POS devices nationwide.

DizzitUp Channels Diaspora Remittances to Empower African SMEs with Latest Token Airdrop

Africa receives $100B+ in remittances annually, yet SMEs see very little of it. DizzitUp wants to change that with a blockchain-powered platform connecting diaspora payments to local businesses.

Visa and Santimpay to Roll Out 20,000 PoS Machines Across Ethiopia

Visa is betting big on Ethiopia’s cash-heavy economy. Partnering with Santimpay, they’ll deploy 20,000 PoS machines this year.

Collateral Not Required: How Kifiya’s AI Platform Signals a Path to Rewriting Ethiopia’s Financial Innovation Story

Nearly half of Ethiopian adults remain without a bank account, yet AI is proving to be capable of helping bridge the gap. Platforms like Qena are enabling credit to MSMEs & traders with no collateral.

FenanPay Steps into Ethiopia’s Competitive Fintech Market

FenanPay has secured a commercialization license from the National Bank of Ethiopia after piloting more than 2.5 million transactions worth 1.5 billion Birr.

Premier Switch Solutions Secures Visa AVP Status, Unlocks International Markets

Premier Switch Solutions (PSS) has joined the Visa Approved Vendor Program, becoming only the fourth company in East Africa to achieve this global certification.