Fintech Startup SantimPay, Berhan Bank Deploy mPOS Machines

Fintech startup SantimPay has partnered with Berhan Bank to deploy the first mobile point-of-sale (mPOS) machines accessible to the public in Ethiopia.

The duo is currently deploying 300 of these cost-effective card readers, with some of the first batch distributed among ride-hailing drivers in the capital.

The devices, priced at less than 800 birr, are supported by a merchant mPOS app that enables merchants to efficiently manage the device. These devices establish a connection with smartphones via Bluetooth and are capable of accepting payments from any local debit cards, as well as MasterCard and Visa.

“Users who prefer cashless transactions or lack sufficient cash can make purchases using their debt cards by simply entering their PIN code,” said Abenezer Bekele, Co-Founder and Chief Technology Officer (CTO) at SantimPay.

Merchants…

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