Business
Arifpay and KLIK Partner to Expand Restaurant Digital Payments
BirrMetrics · 14 hours ago · Read the Full Story on BirrMetrics
AI SUMMARY
Arifpay Financial Technologies has partnered with delivery platform KLIK to introduce POS terminals and QR code payment solutions to restaurants across Addis Ababa.
- Arifpay Financial Technologies and KLIK Investment PLC signed a partnership agreement on October 19, 2026.
- The agreement aims to introduce Arifpay's POS terminals and QR code payment solutions to restaurants within KLIK's merchant network.
- KLIK operates a delivery platform serving over 1,500 active vendors across eight commercial categories in Addis Ababa.
- The partnership also covers payment gateway services, bulk payment processing, and potential joint marketing activities.
- KLIK's platform already supports payments through telebirr, M-Pesa, CBE Birr, and cash.
- The National Bank of Ethiopia reported that digital transaction values reached 9.7 trillion birr during the 2023/24 financial year.
- Ethiopia recorded more than 128.5 million mobile money accounts by December 2024.
- The central bank's National Digital Payments Strategy for 2026–2030 identifies limited merchant acceptance and low activity rates as constraints on wider adoption.
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