ArifPay Financial Technologies has rolled out two products designed to plug the country's Microfinance Institutions (MFI) into the digital ecosystem, marking a shift from cash-driven operations. The announcements were made during the Arif Microfinance Summit, held in partnership with the Ethiopian Fintech Industry Transformation Forum. The centrepiece, the ArifPay MFI Switch, is presented as a secure infrastructure that will connect all MFIs directly to the national payment system, enabling real-time digital services. Through ArifPay’s digital wallet, clients will be able to manage accounts, access loans, and make electronic payments. The initiative targets the country’s vast MFI sector, which serves millions of low-income and rural households with limited digital access. ArifPay, employing more than 120 staff, currently handles transactions worth up to 680 million Br each day.

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