Ethiopia has a population of 135 million people, second largest in Africa behind Nigeria. However, there are only 10,000 POS terminals installed in the country. SanuPay is a start-up financed by investors in the UAE that aims to profit from Ethiopia’s potential as a market for card payments. The company holds a license for Way4 merchant acquiring and card account processing system software from OpenWay and is finalizing construction of a payment processing switch in Ethiopia, which has the most dependable power grid in Africa. SanuPay will connect to EthSwitch, Ethiopia’s national inter...