LakiPay Financial Technologies has launched an integrated digital platform developed in partnership with Oromia International Bank, marking an expansion of its operations into enterprise systems, retail infrastructure and artificial intelligence services.
The platform is powered by Ras-AI and built as a unified ecosystem for individuals, merchants and institutions. It bundles several tools aimed at individuals and businesses. These include a property management and rental payment system linking landlords and tenants, an enterprise resource planning system designed for small and medium-sized businesses, and an e-commerce tool that allows merchants to create digital storefronts and interact with customers online.
Habtamu Tadesse, the company’s chief executive and one of Ethiopia’s fintech pioneers, said the platform goes beyond a conventional super app by embedding artificial intelligence into its core architecture. He said Ras-AI allows users to access services through voice and text commands while supporting both transactions and broader business operations.
“The platform incorporates AI-driven fraud detection and real-time transaction monitoring, reducing verification and status processing time to around two seconds,” he added.
The platform also features an enterprise resource planning system designed for small and medium-sized businesses, enabling companies to manage operations and financial activities through a single interface. According to the company, the system is available to Lakipay’s business clients at no additional cost.
As part of the rollout, LakiPay plans to deploy smart cash registers integrated with its ERP system and hospital management solution. The devices are linked to the Ministry of Revenues, allowing businesses to issue both electronic and printed receipts in compliance with regulatory requirements.
Under the partnership, Oromia International Bank will provide product financing to merchants adopting the smart devices and related digital tools.
LakiPay secured a payment system operator licence from the central bank in February 2025, authorising the firm to provide regulated digital payment services in the country. The fintech operates with a capital base of 99 million birr.
The company says its payment infrastructure connects with widely used domestic platforms including telebirr, M‑Pesa and services linked to the Commercial Bank of Ethiopia, while also enabling international card transactions through Visa and Mastercard.
The rollout comes as Ethiopia advances its digital financial services agenda under the Digital Ethiopia 2030 strategy, following the conclusion of the Digital Ethiopia 2025 framework. Several banks and fintech companies have introduced super-app style platforms that integrate digital payments with services such as e-commerce, mini-apps and financial management tools within a single interface.
Ethiopia now has an estimated 58 million users of digital wallet services, reflecting rapid adoption over the past three years. Digital payment volumes have also recorded significant growth, increasing by 60 percent over the past six months, according to recent sector updates.