LakiPay Financial Technologies has launched a new integrated digital platform in partnership with Oromia International Bank, a move expected to improve how businesses operate and how people access financial services in Ethiopia. The platform brings together payments, business tools and artificial intelligence into one system, aiming to simplify daily transactions and support business growth.
At its core, the platform is powered by Ras-AI and designed as a single ecosystem for individuals, merchants and institutions. It combines several services into one place, including a property management and rental payment system that connects landlords and tenants, an enterprise resource planning system for small and medium-sized businesses and an e-commerce tool that allows merchants to set up online stores and engage with customers.
Habtamu Tadesse, the company’s chief executive, said the platform is designed to go beyond a typical super app by placing artificial intelligence at the centre of its operations. Through Ras-AI, users can access services using voice and text commands, making it easier to carry out transactions and manage business activities.
The platform also includes AI-powered fraud detection and real-time transaction monitoring. This is expected to reduce processing times significantly, with verification and status updates taking around two seconds.
Driving Efficiency for Businesses and Expanding Access
A key feature of the platform is its enterprise resource planning system, which allows small and medium-sized businesses to manage operations and financial activities from one interface. LakiPay says this system will be available to its business clients at no extra cost, lowering the barrier for businesses to adopt digital tools.
To support this, the company plans to roll out smart cash registers linked to its ERP system and hospital management solution. These devices are connected to the Ministry of Revenues, enabling businesses to issue both electronic and printed receipts while staying compliant with regulations.
Oromia International Bank will play a role in supporting adoption by offering product financing to merchants who want to use the smart devices and related tools. This is expected to help more businesses transition to digital systems without facing high upfront costs.
LakiPay’s payment infrastructure also connects with widely used platforms such as telebirr, M-Pesa and services linked to the Commercial Bank of Ethiopia. In addition, it supports international card transactions through Visa and Mastercard, allowing businesses to reach a wider market.
Aligning with Ethiopia’s Digital Growth Strategy
The launch comes as Ethiopia continues to expand its digital financial services sector under the Digital Ethiopia 2030 strategy. This follows earlier efforts under the Digital Ethiopia 2025 framework, which helped lay the groundwork for increased digital adoption.
The country has seen rapid growth in the use of digital financial services, with an estimated 58 million digital wallet users. Payment volumes have also increased sharply, rising by 60 percent over the past six months.
LakiPay itself secured a payment system operator licence from the central bank in February 2025, allowing it to provide regulated digital payment services. The company operates with a capital base of 99 million birr.
With more banks and fintech companies introducing integrated platforms, LakiPay’s latest offering adds to a growing ecosystem aimed at making financial services more accessible and efficient. By combining payments, business tools and artificial intelligence, the platform is expected to support businesses, improve compliance and contribute to the country’s broader digital transformation.
