ArifPay
- Company typePrivate
- Founded2021
- HeadquartersAddis Ababa, Ethiopia
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
ArifPay firmographics
Firmographics- Name
- ArifPay
- Legal name
- Arifpay Financial Technologies Share Company
- Website
- https://arifpay.net
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
ArifPay industry classification
Industry- Product category
- Digital Payments Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Sales Financing (52222)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
- akta.pro secondary industries
- POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Payment Gateways & Orchestration (BPAMAFAA), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)
Keywords
Where ArifPay is headquartered
LocationHeadquarters
- HQ city
- Addis Ababa
- HQ country
- Ethiopia
- HQ region
- Africa
Offices1 record
Markets served
ArifPay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Transaction/Processing Fees: Merchants and customers pay processing fees for each transaction. APIs and SDKs are free for developers to use.
- Partner Revenue Sharing: Partners can share up to 70% of revenue through the partner program.
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
ArifPay product offering
Product offeringCore offering
ArifPay operates an Integrated Payment Platform as a Service (IPPaaS) that delivers a full suite of digital payment and financial services products, including an online payment gateway, smart and mobile POS terminals, QR payments, international remittance, a digital wallet, merchant management software, credit, insurance, digital group savings, and an e-commerce marketplace. APIs and SDKs are exposed for developers to embed payment acceptance into web, mobile, and in-person commerce experiences across Ethiopia.
Product overview
ArifPay operates as a comprehensive fintech platform providing a broad portfolio of interconnected digital payment and financial services products. The core offering includes the IPPaaS (Integrated Payment Platform as a Service) which provides cloud-based and on-terminal APIs. The platform encompasses online payment gateway (Arif ONLINE PAYMENT), international remittance (ARIF REMIT), QR code payments (ARIFQR), point-of-sale solutions (ARIFPOS, ARIF M-POS), merchant management (ARIF MERCHANT), digital wallet (ARIF WALLET), credit services (ARIF CREDIT), insurance management (ARIF INSURANCE), group savings (ARIF EQUB), and e-commerce marketplace (ARIFSHOP). These products work together to provide end-to-end digital payment and financial services for businesses and consumers across Ethiopia.
Differentiator
Problem solved
Functional benefit
Brands
- Arif Online Payment (Gateway): Seamless online payment gateway with multi-channel payment support, recurring payments, bulk payments, and split payments.
- Arif Remit
- ArifQR
- ArifPOS
- Arif M-POS
- Arif Merchant
- Arif Equb
- Arif Insurance
- Arif Wallet
- Arif Credit
- ArifShop
Products and services
- Arif Online Payment Gateway Online payment gateway with multi-channel payment support, advanced security, recurring payments, bulk payments, split payments, event payment integration, and international payment support for businesses accepting digital payments online.
- Arif Remit International remittance service enabling the Ethiopian diaspora to send money to Ethiopia via bank, wallet, or cash pickup, with multi-bank support, multi-currency support, real-time tracking, and utility bill payment capabilities.
- ArifQR QR code payment solution supporting dynamic and static QR codes, card and wallet integration, instant confirmation, and e-receipts for convenient and secure cashless transactions.
- ArifPOS Smart Terminal Cloud-based Android POS terminal with multi-payment acceptance, built-in cash register functions, real-time analytics and reporting, inventory management, and offline payment support for merchants.
- Arif M-POS Portable mobile point-of-sale solution with Bluetooth connectivity, lower setup and maintenance costs, and scalability for all business sizes, designed for mobile merchants.
- Arif Merchant Merchant management application providing product management, payment processing, customer management, and discount and promotions capabilities for merchants.
Companies that use ArifPay
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles5 records
ArifPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature5 records
ArifPay partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and major.
- VisacoreArifPay partnered with Visa to deploy 10,000 POS terminals across Ethiopia, bringing interoperable payments to SMEs nationwide.
- Yango EthiopiacorePartnership to bring smarter, faster, and seamless payments to the ride-hailing experience in Ethiopia.
- ArifSchool Consortium (Gebeya, AIT, EducationMatters)coreLaunch of ArifSchool, a comprehensive digital education ecosystem designed to modernize Ethiopia's education sector.
- Hibret BankcoreBanking partner for payment processing and financial services integration.
- Commercial Bank of Ethiopia (CBE)coreMajor banking partner for payment acceptance and processing.
- TelebirrcoreMobile money integration for wallet transfers and payments.
- M-PesacoreMobile money operator for wallet transfers and financial services.
- Enat BankmajorBanking partner focused on empowering women and families through accessible banking.
- Awash BankmajorBanking partner for payment processing services.
- Ahadu BankmajorBanking partner for digital-first financial solutions.
- Zemen BankmajorBanking partner for international banking services.
- National Bank of EthiopiacoreRegulatory body that issued ArifPay's commercialization letter, officially authorizing operations.
- Ethiopia Technology Transfer and Innovation Fund (ETIFT)majorCo-organized the First Microfinance Summit to strengthen Ethiopia's microfinance sector through digital systems.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
ArifPay competitors and assessment
Company assessmentDirect peers
- Chapa: Ethiopian payment gateway and processor offering online checkout, POS, and merchant APIs; the closest head-to-head PSP competitor within Ethiopia.
- Flutterwave: Pan-African payment processor offering gateway, POS and remittance infrastructure to merchants and developers; comparable in PSP/aggregator model though at much larger scale.
- Paystack (Stripe): African payment gateway enabling merchants to accept cards and local payment methods via APIs; highly comparable in product (gateway, checkout, multi-method orchestration) for African merchants.
- DPO Group: Pan-African payment processor serving merchants across multiple countries with cards, mobile money and bank transfers; comparable multi-rail African PSP profile.
- Kifiya Financial Technology: Ethiopian fintech providing payment and digital financial services to merchants and FIs; comparable as a domestic PSP where ArifPay's CEO previously served as CTO.
- Onafriq (formerly MFS Africa): Pan-African digital payments network enabling mobile money interoperability and cross-border remittance; comparable to Arif Remit and wallet-to-wallet rails.
Broad incumbents
- Telebirr (Ethio Telecom): State-affiliated mobile money platform dominating Ethiopian P2P and merchant payments; comparable by product surface (wallet, QR, POS) though vastly larger scale and distribution.
- Interswitch: Nigerian payments infrastructure company providing switching, processing, and digital commerce across Africa; comparable as a multi-rail African PSP with similar gateway/POS product mix.
- M-Pesa Ethiopia (Safaricom/Vodafone): Pan-African mobile money operator with Ethiopian license; competes directly in wallet, QR, and merchant payments across the same customer base.
Emerging players
- Chipper Cash: African cross-border payments and remittance fintech with consumer wallet; comparable on remittance corridors and mobile-money interoperability across African markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
ArifPay social profiles
Digital presenceArifPay compliance and trust
Trust signalCompliance1 record
ArifPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
ArifPay leadership team
Management profileNumber of profiles
Profiles6 records
ArifPay funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ArifPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ArifPay
What does ArifPay do?
ArifPay operates an Integrated Payment Platform as a Service (IPPaaS) that delivers a full suite of digital payment and financial services products, including an online payment gateway, smart and mobile POS terminals, QR payments, international remittance, a digital wallet, merchant management software, credit, insurance, digital group savings, and an e-commerce marketplace. APIs and SDKs are exposed for developers to embed payment acceptance into web, mobile, and in-person commerce experiences across Ethiopia.
Is ArifPay a public or private company?
ArifPay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ArifPay founded?
ArifPay was founded in 2021. It employs 51 to 100 people.
Where is ArifPay based?
ArifPay is headquartered in Addis Ababa, Ethiopia, in the Africa region.
How does ArifPay make money?
Two revenue lines are on record. Transaction/Processing Fees are the primary driver. The others are partner Revenue Sharing.
Who are ArifPay's main competitors?
Direct peers on record are Chapa, Flutterwave, Paystack (Stripe), DPO Group, Kifiya Financial Technology and Onafriq (formerly MFS Africa). Broad incumbents are Telebirr (Ethio Telecom), Interswitch and M-Pesa Ethiopia (Safaricom/Vodafone). Chipper Cash is listed as an emerging player.
Does ArifPay have an API?
Yes. Arifpay APIs and SDKs are free for developers to use. Merchants and Customers only pay processing fees for each transaction. The developer portal provides access to payment platform APIs for online, mobile, and in-person commerce experiences. Developer documentation is at developer.arifpay.net.
What industry is ArifPay in?
ArifPay's product category is Digital Payments Platform. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAGABAO, POS, SoftPOS & In-Person Acceptance Infrastructure. Its NAICS code is 522320 and its SIC code is 7370.