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March 12th, 2021 in Business. Closed
ArifPay is a mobile point of sale system which will allow ATM cardholders to make electronic transactions via their smartphones. (Shega Media)
Shega
ArifPay Closes A $3.5 M Private Placement Round From 31 Investors
ArifPay ( ArifPay Financial Technologies Share Company ), an upcoming fintech company in Ethiopia, raised $3.5M / 140M ETB from 31 investors in a private placement round. From the total raised capital, the paid capital is $1M while the rest $2.5M is a subscribed capital. Investors are expected to pay the subscribed capital in the period of 2 years.
ArifPay is a mobile point of sale system which will allow ATM cardholders to make electronic transactions via their smartphones.
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New ACH goes live in Zimbabwe 18 February 2021 Finteq Africa is proud to announce the recent go-live of their flagship product, FCH. This is an ISO 20022 EFT Clearing House solution, deployed into the Zimbabwe financial industry through the National Switch, Zimswitch. The Finteq ISO 20022 EFT ACH subscribes to globally accepted and promoted payment processing standards, helping African countries to step boldly and proudly into one of the most modern EFT processing environments available.
Owned and operated by Zimswitch under the brand name ZEEPAY this system initially introduces a highly efficient, highly secure batch-based credit push payment clearing and settlement stream. It is available to financial institutions, including non-banks, in accordance with local regulations. The highly e