Ethiopian payment system operator Arifpay announced its integration with EthSwitch, Ethiopia’s National Payment Switch today, April 5, 2023. This strategic collaboration allows the fintech startup to deploy POS machines capable of accepting cards from any bank, promoting a more inclusive payment ecosystem in the country.
Although EthSwitch implemented interoperability for POS terminals over two years ago, allowing cardholders to purchase goods and services using POS devices from any bank, the initiative has yet to gain traction.
According to figures sourced from Arifpay, during the 2021–2022 period, the 11,000 POS machines in the country conducted approximately 2.4 million...
Click Here to Red More on Shega.