SantimPay Surpasses 6 Billion Birr Transactions

SantimPay Financial Technology, which joined Ethiopia’s fintech landscape around a year ago, has announced that the transaction volume on its

January 13, 2024

Team Shega

Addis Ababa, Ethiopia

SantimPay Financial Technology, which joined Ethiopia’s fintech landscape around a year ago, has announced that the transaction volume on its payment platform has now surpassed 6 billion birr.

The fintech startup also revealed that it has onboarded 2000 merchants, and its payment system, comprising an online payment gateway, mPOS (mobile-point-of-sale), and a Unified Payment Interface (UPI), has been utilized by two million unique users.

Realted- SantimPay Officially Joins Fintech Scene with Three Products

These milestones were disclosed during the inaugural general assembly of SantimPay on January 13, 2024. “Reaching these figures have enabled the company to achieve profitability in a short time,” the company said in a Statement.

SantimPay, with the goal of making payments cashless, easy, and simple, was established in 2021 with a registered capital of 160 million birr and 12 shareholders. It commenced operations in November 2023.

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