LakiPay Financial Technologies has launched a new digital platform in partnership with Oromia International Bank, widening its reach beyond payments into business software, retail infrastructure and artificial intelligence services.
The app, built around the company’s Ras-AI system, is designed as a single platform for individuals, merchants and institutions. It brings together a range of services, including a property management and rent payment tool that connects landlords and tenants, an enterprise resource planning system for small and medium-sized businesses, and an e-commerce feature that allows merchants to open digital storefronts and engage customers online.
Habtamu Tadesse, LakiPay’s chief executive and one of Ethiopia’s early fintech pioneers, said the product is intended to move beyond the idea of a standard super app by placing artificial intelligence at the centre of its design.
“The platform incorporates AI-driven fraud detection and real-time transaction monitoring, reducing verification and status processing time to around two seconds,” he said.
According to the company, the ERP system will be offered to LakiPay’s business clients at no extra cost. As part of the rollout, LakiPay also plans to introduce smart cash registers linked to its ERP platform and hospital management solution. The devices are connected to the Ministry of Revenues, enabling businesses to issue both printed and electronic receipts in line with regulatory requirements.
Under the agreement, Oromia International Bank will finance merchants looking to adopt the smart devices and related digital tools.
LakiPay received a payment system operator licence from Ethiopia’s central bank in February 2025, allowing it to offer regulated digital payment services. The company operates with a capital base of 99 million birr.
It says its payment infrastructure connects with major domestic platforms including telebirr, M-Pesa and services tied to the Commercial Bank of Ethiopia, while also supporting international card payments through Visa and Mastercard.
The launch comes as Ethiopia pushes ahead with its Digital Ethiopia 2030 strategy amid rapid growth in digital wallets and payment volumes.