SanuPay and OpenWay Partner to Introduce Ethiopia's First Domestic Credit Card

SanuPay , a rising paper exertion steadfast successful East Africa, is partnering with OpenWay,  a planetary supplier of integer outgo software, to present Ethiopia’s archetypal home recognition card. This rollout volition awesome a important measurement successful the country’s displacement toward formalised, integer fiscal infrastructure.

Together with OpenWay and SantimPay, a licensed outgo strategy relation whose ngo is to physique a cashless and connected economy, SanuPay plans to contented 4 cardinal debit and prepaid cards and 5,000 Visa and Mastercard recognition cards connected OpenWay’s Way4 integer payments bundle level for issuing, acquiring, switching, and mobile wallet solutions. In summation to paper issuance, SanuPay volition run 10,000 point-of-sale (POS) terminals and 200 ATMs nationwide—all moving connected Way4. The archetypal home recognition cards are expected to beryllium issued by Oromia Bank, which besides intends to connection a co-branded loyalty paper successful concern with Sheba Miles.

SanuPay’s imaginativeness extends beyond Ethiopia. In Kenya, the institution is partnering with determination banks and fintechs to digitise paper processing, cross-border payments, and remittances, leveraging integrations with section and planetary outgo schemes. In Rwanda, SanuPay volition enactment emerging fintechs successful issuing virtual cards, enabling tokenisation, gathering integer wallets, and integrating mobile payments. OpenWay’s Way4 level has already gained crushed successful Africa, having been adopted by institutions specified arsenic Equity Bank. Its entreaty lies successful its configurability—95% of functions necessitate nary customized development—allowing clients to determination rapidly successful volatile oregon fast-evolving markets.

While mobile wallets person made strides crossed Africa, recognition cards person lagged, mostly owed to constricted infrastructure and blimpish regulatory environments. Ethiopia’s introduction into home recognition issuance represents some a technological and argumentation shift, laying the groundwork for broader fiscal access.

SanuPay plans to standard its exemplary regionally and volition supply a blueprint for however homegrown fintechs who spouse with planetary infrastructure providers volition physique Africa’s next-generation outgo ecosystem.

“We person selected the best-in-class solution to supply best-in-class outgo services successful Ethiopia. By partnering with OpenWay and deploying Way4, SanuPay is enabling a caller epoch of paper issuing successful Ethiopia and beyond—building resilient, scalable, and compliant infrastructure that supports Africa’s integer fiscal transformation.”

–Alfred Gachaga, CEO, SanuPay.

“This collaboration with SanuPay reflects our committedness to empowering innovative fiscal institutions crossed Africa. By leveraging our Way4 platform, Ethiopia is not lone launching its archetypal home recognition paper but besides laying the instauration for a modern, inclusive, and interoperable payments landscape. We’re arrogant to enactment SanuPay’s vision.”

–Hermann Mike, Regional Director, Sub-Saharan Africa, OpenWay.